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Fitch Takes Various Actions on 9 Trust Preferred CDOs

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has taken the following rating actions on tranches from nine collateralized debt obligations (CDOs) backed primarily by Trust Preferred (TruPS) securities issued by banks and insurance companies: --Affirmed 58 tranches; --Upgraded nine tranches; --Revised various Rating Outlooks. KEY RATING DRIVERS Credit Quality of Collateral: For most of the transactions, the credit quality of the collateral portfolios, as measured by a combination of Fitch's bank scor

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