Degrading rhymes with:
downgrading, grading, upgrading, braiding, downgrading, grading, raiding, trading, upgrading, aiding, blading, blockading, braiding, cascading, crusading, downgrading, evading, fading, grading, invading, kading, lading, masquerading, nading, parading, persuading, pervading, raiding, serenading, shading, trading, upgrading, wading
Degrading sounds like:
decorating, decorations, degradations, desecrations, deserting, desertions, desjardins, discarding, discrediting, discretions, disheartening