Meaning of the word downgrade in English

What does downgrade mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

downgrade

US /ˌdaʊnˈɡreɪd/
UK /ˌdaʊnˈɡreɪd/
"downgrade" picture

Verb

to reduce someone or something to a lower rank, status, or level of importance

Example:
The credit agency decided to downgrade the country's economic outlook.
I had to downgrade my software to an older version because of bugs.

Noun

an instance of reducing someone or something to a lower rank, status, or level

Example:
The downgrade in the company's rating affected its stock price.
Switching to a cheaper plan was a significant downgrade in service.