But these clients, to protect themselves, may now demand better terms with downgraded banks, like increased collateral.
It's easy to understand why fans downgraded players like Young or Washington Nationals outfielder Elijah Dukes.
Earlier this month, Goldman Sachs downgraded steel companies like AK Steel.
And in those rare cases where rating agencies have downgraded countries that, like America now, still had the confidence of investors, they have consistently been wrong.
LIKE a hurricane downgraded to a tropical storm or maybe a tsunami reclassified as a ripple in a pond, the distress that gripped the economy and financial markets has dissipated greatly.
Soon, I found myself like Pluto, downgraded from planet to icy rock, orbiting erratically, elliptically.
He's now chief content officer, which is a bit like being downgraded from master chef to catering officer.
So when those securities are downgraded by ratings agencies like Fitch Ratings and Moody's, the risk of any "defaults" on the loans is shouldered by the insurer and not the investor.
It looks like Apple has downgraded the speed of the SATA interface in the newest revision of the MacBook Pro.
That's one reason I have been buying up the high-yield convertible preferreds of downgraded and distressed energy companies like TXU Energy, the largest electricity retailer in Texas, and natural-gas provider El Paso Energy.
