Fitch: U.S. Bank TruPS CDOs Combined Default & Deferral Rate Declined

NEW YORK--(BUSINESS WIRE)-- The number of combined defaults and deferrals for U.S. bank TruPS CDOs decreased to 18.0% at the end of October from 18.1% at the end of September, according to the latest index results published today by Fitch Ratings.

In October, three bank issuers representing $19 million of notional cured in three CDOs. There were no new deferring or re-deferring issuers in October.

In addition, one issuer representing $6.5 million of collateral in two CDOs was closed by the FDIC and was marked as defaulted in Fitch's bank TruPS universe.

Across 78 Fitch-rated TruPS CDOs, 229 defaulted bank issuers remain in the portfolio representing approximately $5.4 billion of collateral. 107 issuers are currently deferring interest payments on $1.3 billion of collateral.

Additional information is available at 'www.fitchratings.com'.

Fitch: U.S. Bank TruPS CDOs Combined Default & Deferral Rate Declined

https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=873787

Related Research

Bank TruPS CDO Index

https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=872849

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Fitch Ratings
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Source: Fitch Ratings

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