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

In August, one issuer representing $4 million in one CDO cured. There were no new deferrals, defaults or redemptions in August.

 Across 73 Fitch-rated Bank and mixed Bank & Insurance TruPS CDOs, 220 defaulted bank issuers remain in the portfolio representing approximately $5 billion of collateral. As of August 2016, 86 issuers are deferring interest payments on $867 million of collateral compared to 128 issuers deferring on $1.5 billion of notional at the end of August 2015.