Downgrade

(redirected from downgrades)
Also found in: Dictionary, Thesaurus, Encyclopedia.

Downgrade

A negative change in ratings for a stock, or other rated security.

Downgrade

A change in the rating of a bond or other security in a downward direction. For example, a bond that had previously been rated AAA may be downgraded to AA. Downgrades are considered detrimental because they mean the ratings agency believes that the issuer of the security is less likely to be able to fulfill its obligations, such as coupon payments. A downgrade increases the cost of funds for the issuer because investors expect a higher return in exchange for the increased risk on the security. See also: Upgrade.

Mentioned in ?

References in periodicals archive ?

to C-/baa2 from C/a3, on review for further downgrade) and BBVA

Moody's downgrades the supported ratings of Spanish banks' North American bank subsidiaries

The downgrade of the National Ratings also considers the removal of institutional support from the ratings.

Fitch Downgrades Barclays Africa Group & Absa Bank to 'BBB-'

downgrade of KBC Bank's long-term debt and deposit ratings to A3 from A1.

Moody's takes actions on two subsidiaries of KBC Bank NV

Best, 5.7 percent of its rating actions were downgrades in 2018 and 8.5 percent were upgrades, with 5.4 percent under review.

High Cat Losses Helped Spike U.S. P/C Rating Downgrades in 2018: A.M. Best

C.I.B.'s credit downgrade meanwhile was attributed to the bank's reliance of Egyptian sovereign debt at a time when the country is experiencing difficult economic circumstances.

Fitch Group's new credit downgrade of Egypt does not take into account recent aid received from the Gulf

Specifically, National Bank of Greece's bonds were downgraded to Aa2 from Aa1 and placed on review for a further downgrade. Besides, the downward review placement of Alpha Bank and EFG Eurobank Ergasias affected the Aa2 ratings on their bonds.

Moody's slashes National Bank of Greece covered bonds rating, puts Alpha Bank, EFG Eurobank Ergasias ones on downgrade review

A Microsoft spokesperson stated that users will be able to downgrade from Windows 7 to XP without a problem, according to BetaNews.

Windows 7 downgradable to XP

This is the second earnings downgrade. One major reason is poor earnings at NEC Electronics.

Japan tech stocks line up to downgrade earnings

The downgrade of Bradesco Seguros' IFS rating results from the downgrade of the long-term Local Currency IDR of its parent Banco Bradesco S.A.

Fitch Ratings downgrades Bradesco Seguros S.A.'s IFS rating

Global Banking News-December 24, 2014--Moody's downgrades Raiffeisen Banking Group member banks

Moody's downgrades Raiffeisen Banking Group member banks

A number of banks have stated that they consider themselves Egypt's most affected economic sector by the country's repeated credit downgrades since the outbreak of the 25 January Revolution, seeing as they are the primary owners of government debt securities.

Banks: We are most affected by downgrades

"The rating actions affecting the banks' subsidiaries reflect the agency's view that while the banks' propensity to support their international banking subsidiaries remains unchanged, their ability to do so has been reduced, as reflected in the downgrades of their long-term IDRs which follow the downgrade of the sovereign," Fitch added.

Fitch takes rating actions on Greek National Bk of Greece, Eurobank, Piraeus' subsidiaries