1) Demote fraudulent dog warden 2) Devalue 3) Feather quality 4) Grade 5) Lower in value or esteem 6) Move down 7) Rate lower 8) Reduce in importance 9) Reduce in importance or value 10) Reduce in rank 11) Relegate 12) Road slope 13) Slope of a kind 14) To disparage 15) To place lower in position Found on https://www.crosswordclues.com/clue/downgrade
To lower, to reduce, to make less important. Example: Kate was downgraded at work yesterday. She's now a cleaner and not a supervisor.
Found on http://www.bbc.co.uk/skillswise/glossary/
Is the lowering, reduction, or negative change in an company's or country's credit rating. Often it can refer to one or more issues. Found on http://www.oasismanagement.com/glossary/