Sentence examples for step of downgrading from inspiring English sources

The political recriminations were swift over the decision by S.& P., one of the major credit rating agencies, to take the unprecedented step of downgrading the credit of the United States government.

Moody's took the unusual step of downgrading Suffolk County's short-term debt in December, and it has put the county's general-obligation bonds on review for a possible downgrade.

Arriving a day after the Dow tumbled more than five hundred points — and just hours before Standard & Poor's took the unprecedented step of downgrading the U.S. bond rating — the figures confirmed, if further confirmation was needed, that the country is facing an immediate economic crisis.

While the agency did not take the more drastic step of downgrading the state's bonds, which still have a high rating of Aa2, Moody's financial analysts said that the falling tax revenues and sputtering national economy had forced them to adjust their outlook for New Jersey's economy from "stable" to "negative".

Hours after the event concluded, with Erdogan safely back home, the credit ratings agency Moody's took the unprecedented step of downgrading Turkey's sovereign credit to the status of "junk".

Less than a week after Moody's downgraded Britain's credit rating from AAA to AA1, the agency took the step of also downgrading 26 housing associations by one grade.

On August 11, 2016, the FDIC took the highly unusual step of retroactively downgrading the Bank's CRA rating from "Satisfactory" to "Needs to Improve," effective as of the 2013 CRA evaluation.

Let me remark on one more aspect of downgrading.

Mr. Marshall said the balance of opinion still suggested that the agencies should step back from downgrading the United States.

Standard & Poor's went a step further with G.M., downgrading its long-term credit rating, as well as that of its finance unit.

Let me summarise the nature of downgrading of a secondary material as follows: Assumption 1 (Downgrading property).