Unless your site is nothing but a dumb billboard serving nothing but static assets (and maybe even then...), the inability to serve HTTPS traffic should be considered a breaking issue and you shouldn't be serving anything until your HTTPS is restored. "Reduced security" is not a valid fallback option.
That might not be something that a company's management team wants to hear, but indicating to your users that falling back to insecure HTTP is just something that happens sometimes and they should continue using your site is one of the worst things you can possibly do in terms of security.
That might not be something that a company's management team wants to hear, but indicating to your users that falling back to insecure HTTP is just something that happens sometimes and they should continue using your site is one of the worst things you can possibly do in terms of security.