Santander Consumer may be scaling back its presence in the subprime auto market, but the loans it makes to prime quality borrowers purchasing Chrysler, Jeep and Dodge vehicles are performing so poorly that Fitch now considers them to be “midprime.”

That’s the label the rating agency applied to the $840.78 million Chrysler Capital Auto Receivables Trust (CCART) 2016-B in a presale report published Thursday.

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