Yes, they do. Some recent albums that were given 4.5 stars upon release were upgraded to 5 stars sometime in late 2008 or early 2009. I am not aware of any other ratings change or if there is a list of which albums have had their ratings bumped up.
Two examples of this would be "Is This It" by The Strokes and "Elephant" by The White Stripes. Both albums received 4.5 stars when they were first released but now have 5 star ratings. An easy way to verify this would be to look at the score recorded in Metacritic (though I should note that what Metacritic records is not always accurate to what the reviewer actually gave the album - personally, I can vouch for these two albums.)
House M-D- - 2004 Don't Ever Change 4-12 is rated/received certificates of: Netherlands:12 USA:TV-14
Angel - 1999 Are You Now or Have You Ever Been 2-2 is rated/received certificates of: USA:TV-14
Tenfold Path Worst Drum Instructional Ever - 2008 V is rated/received certificates of: USA:Approved
"Man From Atlantis" aired 1977-1978. It was canceled after 17 episodes due to low ratings.
They went their separate ways,glad he did because she was the hatefulless woman I ever met,tonite saw him at a bar in Shakers,our we change
Ever Since Eve - 1934 is rated/received certificates of: USA:Passed (National Board of Review)
Ever Since Venus - 1944 is rated/received certificates of: USA:Approved USA:Passed (National Board of Review)
House M-D- - 2004 Don't Ever Change 4-12 is rated/received certificates of: Netherlands:12 USA:TV-14
Companies should update their HSE policies when ever a drastic change in type or size of activities takes place.
None of the Walton's have ever been rated.
If You Ever Change Your Mind by Chrystal Gayle
If You Ever Change Your Mind was created on 1980-08-26.
Ever 2 years
Happily Ever After - 2014 is rated/received certificates of: Netherlands:12
Charlotte for Ever - 1986 is rated/received certificates of: France:-12
Please Don't Ever Change was created in 1973-07.
For Ever Mozart - 1996 is rated/received certificates of: France:U Portugal:M/12