DBRS reviews Fiat Chrysler

DBRS said it placed the ratings of Fiat Chrysler Automobiles NV, formerly rated at BB (low) with a positive trend, under review with developing implications.

The action follows the Jan 12 announcement of the U.S. Environmental Protection Agency (EPA) that it had issued to Fiat Chrysler (as well as to subsidiary FCA US LLC) a notice of violation of the Clean Air Act in connection with the company’s 2014–2016 model year light duty vehicles sold in the U.S. equipped with 3 liter diesel engines.

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