Changes at Standard & Poor's, say

• Bumps an R down to a PG-13, perhaps
• Alters an assessment
• Gives a new value to
• Considers bond values again
• Awards another star to, perhaps
• Changes at Standard & Poor's, say
• Changes a grade
• Puts into a new category

Wiktionary Word definitions in Wiktionary
vb. (en-third-person singular of: rerate )