OREANDA-NEWS. The number of combined defaults and deferrals for U.S. bank TruPS CDOs remained at 18.0% at the end of November compared to the previous month, according to the latest index results published today by Fitch Ratings.

In November, one cured issuer with notional of $10 million in one CDO redeemed its TruPS. There were no new deferrals, defaults, or cures in November.

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.