We reviewed our ratings on 89 classes from 14 U.S. RMBS transactions issued between 2019 and 2024. Of the 89 ratings, we raised 28 and affirmed 61. The rating actions reflect our view of transaction-specific performance and/or structural characteristics. ENGLEWOOD (S&P Global Ratings) Oct. 29, 2026--S&P Global Ratings today completed its review of 89 classes from 14 U.S. RMBS issued between 2019 and 2024. The review yielded 28 upgrades and 61 affirmations (see ratings list). For each transaction, we performed a credit analysis using updated loan-level information from which we determined foreclosure frequency, loss severity, and loss coverage amounts commensurate with each rating level. In addition, we used the same mortgage operational assessment, representation and warranty, and due diligence factors
