Standard & Poor’s said today that rating performance remained decidedly negative for U.S. RMBS in 3Q09, as the sector experienced an increase in performance-related downgrades and no upgrades over the period.

The rating agency lowered a record 26,387 ratings on 3,219 U.S. RMBS transactions in the recent quarter, up 152% from 10,459 downgrades in the second quarter and more than double the previous high of 12,077 in 4Q08.

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