The phrase "potential downgrade" means that something, such as a credit rating or performance evaluation, may be lowered or reduced in the future. Full definition
Bond rating services now warn the U.S. to get its books in order or face potential downgrades, which would make financing its obligations more costly. (canadianbusiness.com)
The number of potential bond downgrades decreased to 516 in March from 526 in February, with financial institutions leading all sectors with 69 potential downgrades. (spratings.com)
Persistent talk about a takeover — Bright Food was linked to the company in 2011 — has sent the stock into overdrive over the past week, even though management signalled a potential downgrade to earnings. (afr.com)