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Meaning of “downgrade” in the English Dictionary

"downgrade" in American English

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downgradeverb [T]

us   /ˈdɑʊnˌɡreɪd/
to reduce someone or something to a lower rank or position; to make less important or less valued: They threatened to downgrade my credit rating if I don’t pay the bill immediately.
(Definition of downgrade from the Cambridge Academic Content Dictionary © Cambridge University Press)

"downgrade" in Business English

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downgradeverb [T]

uk   /ˌdaʊnˈɡreɪd/ us   /ˈdaʊnɡreɪd/
FINANCE to state that something such as a company is likely to produce less profit or growth, to be less able to pay back debt, etc. than was previously thought: downgrade stocks/sharesdowngrade sth's rating/status Investment bank Merrill Lynch downgraded the company's status from 'buy' to 'neutral'. The Chancellor blamed higher oil prices for the downgraded growth forecast.
HR to make a job less senior, skilled, or important than before, or to put someone into a less senior or important job: The new contracts effectively downgraded their jobs to match their colleagues' lower pay. The agreement may lead to one in six staff being downgraded.

downgradenoun [C]

uk   /ˈdaʊnɡreɪd/ us  
FINANCE a statement that something such as a company's profit, ability to pay back debt, etc. will be less than was expected: A credit rating downgrade would raise their cost of borrowing.
(Definition of downgrade from the Cambridge Business English Dictionary © Cambridge University Press)
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“downgrade” in British English

“downgrade” in Business English

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Avoiding common errors with the word enough.
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