We reviewed 14 ratings from 14 U.S. RMBS transactions issued between 2004 and 2007, and we lowered all 14 ratings. The rating actions reflect our view of transaction-specific performance and/or structural characteristics. TORONTO (S&P Global Ratings) Nov. 4, 2026--S&P Global Ratings today completed its review of 14 classes from 14 U.S. RMBS transactions issued between 2004 and 2007. The review yielded 14 downgrades (see ratings list). We incorporate various considerations into our decisions to lower the ratings when reviewing the indicative ratings suggested by our projected cash flows. These considerations are based on transaction-specific performance and/or structural characteristics and their potential effects on certain classes. Main considerations may include: Reduced interest payments due to loan modifications; Payment priority; Expected duration;
