Usually means: Reduction in quality, status, value.
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We found 12 dictionaries that define the word downgrades:

General (9 matching dictionaries)
  1. downgrades: Merriam-Webster
  2. downgrades: Collins English Dictionary
  3. downgrades: Vocabulary.com
  4. Downgrades, downgrades: Wordnik
  5. downgrades: Cambridge Advanced Learner's Dictionary
  6. downgrades: Wiktionary
  7. downgrades: Dictionary.com
  8. downgrades: Cambridge Essential American English Dictionary
  9. downgrades: TheFreeDictionary.com

Business (2 matching dictionaries)
  1. downgrades: Legal dictionary
  2. downgrades: Financial dictionary

Computing (1 matching dictionary)
  1. downgrades: Encyclopedia

(Note: See downgrade as well.)

Definitions from Wiktionary (downgrade)

noun:  A reduction of a rating, as a financial or credit rating.
noun:  A downhill gradient on a road or railway.
noun:  A reduction in quality; a descent towards an inferior state.
verb:  To place lower in position.
verb:  To reduce in complexity, or remove unnecessary parts; to dumb down.
verb:  (transitive) To disparage.
verb:  (meteorology) to reduce the official estimate of a storm's intensity.
verb:  (computing) To revert software back to an older version.
▸ Also see downgrade


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