Hi Justin,   I don't know the full extent of the issue, but I can confirm that they discovered a defect in the catalog after I shared this information. They'll need to address that on the catalog side to correct this.
I have several servers that show status as 'Downgrade'. They both have installed firmware that is newer than the version showing in the baseline. They are not new servers. The update catalog is current and checks for updates daily. I've also deleted and recreated the firmware baseline for these servers. Inventory for each has been refreshed, as well. Is this just a matter of the catalog being inaccurate. Or potentially a known issue with a fix or workaround?
Downgrade status due to newer installed firmware