OREANDA-NEWS. The number of combined defaults and deferrals for U. S. bank TruPS CDOs remained at 15.6% at the end of July 2016 compared to the previous month, according to the latest index results published today by Fitch Ratings.

In July, one performing issuer representing $13 million across three CDOs redeemed its TruPS. There were no new deferrals, defaults or cures in July.

Across 73 Fitch-rated Bank and mixed Bank & Insurance TruPS CDOs, 221 defaulted bank issuers remain in the portfolio representing approximately $5 billion of collateral. As of July 2016, 88 issuers are deferring interest payments on $877 million of collateral compared to $1.5 billion of notional deferring at the end of July 2015.