The allegations that Fiat Chrysler used emissions-tampering software on certain vehicles equipped with diesel-fuel engines could have an impact on 60 auto-related securitizations, including several active captive-finance deals sponsored by Santander Consumer USA.

Moody’s Investors Service on Tuesday reported that the Environmental Protection Agency’s notice of violation to Fiat Chrysler (or FCA) last Thursday was a negative credit development for up to 60 loan, lease and even dealer floorplan securitizations that have included some of the 2014-2016 Jeep Grand Cherokee SUVs and Dodge Ram 1500 trucks cited by the EPA.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.