Moody's says German diesel ban impact on European auto ABS limited

"The share of potentially affected diesel-vehicles in the securitised portfolios is typically in the low-single-digit percentages and only about 30 percent of the obligors reside in low emission zones," Moody's said in a note.

German auto ABS performance is so far very strong and certain stress scenarios are covered by the current credit ratings of German auto ABS, Moody's said.