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Fitch: U.S. Bank TruPS CDOs Combined Default Deferral Rate Remained Low

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NEW YORK--(BUSINESS WIRE)--The number of combined defaults and deferrals for U.S. bank TruPS CDOs remained at 18.8% at the end of July compared to the previous month, according to the latest index results published today by Fitch Ratings. In July, one issuer representing $3 million of collateral in one CDO, was closed by the FDIC and was marked as defaulted in Fitch's bank TruPS universe. This is the first FDIC bank closure in Fitch rated bank TruPS CDO universe in 2015. One defaulted issuer, w

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