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was downgrading

  • past progressive
    of downgrade.
    downgrade
    noun
    a downward slope, especially of a road.

Example Sentences

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On Friday, Moody’s said it was downgrading the bank because of its increased reliance on short-term borrowing, including from the Federal Reserve and the consortium of banks.

From New York Times ● Mar. 20, 2023

The council's active and healthy communities committee confirmed it was downgrading its opening hours for assistance at Newry leisure centre from once a week to once a month.

From BBC ● Oct. 24, 2022

It also ran a problematic video throttling scheme called "Binge On," until criticism forced the company to tweak how it was downgrading third-party video streams.

From The Verge ● Jul. 14, 2016

Even so Sandy Chen, at Cenkos Securities, who has recommended buying the shares for most of the past decade said he was downgrading to sell.

From The Guardian ● Aug. 7, 2012

That day, S&P announced it was downgrading the U.S. because of rising public debt and clashes among policymakers about reining in the government deficit.

From BusinessWeek ● Aug. 8, 2011