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3. Downgrades, e.g.

Alternative clues for the word rerates

• Awards another star to, perhaps
• Changes a grade
• Considers bond values again
• Bumps an R down to a PG-13, perhaps
• Gives another star to, perhaps
• Changes at Standard & Poor's, say
• Changes at Standard & Poor's, say
• Downgrades, e.g
• Alters an assessment