Struggling to announce a downgrade without drifting into advice, causality, or hype? This lesson equips you to deliver precise, compliant rating changes—anchored to data, clearly attributed, and free of bias. You’ll get a crisp framework, neutral verb sets, ready-to-use templates, contrastive examples, and quick drills to QA your wording before publish. By the end, you’ll craft analyst-grade downgrade language that is defensible, consistent with house style, and fast to execute.