Ford Credit Floorplan Master A Series 2004-1, 2005-1 Ratings Raised On Class B Notes To 'AAA' - S&P Global Ratings’ Credit Research

Ford Credit Floorplan Master A Series 2004-1, 2005-1 Ratings Raised On Class B Notes To 'AAA'

Ford Credit Floorplan Master A Series 2004-1, 2005-1 Ratings Raised On Class B Notes To 'AAA' - S&P Global Ratings’ Credit Research
Ford Credit Floorplan Master A Series 2004-1, 2005-1 Ratings Raised On Class B Notes To 'AAA'
Published Mar 08, 2007
Published Mar 08, 2007
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Abstract:

NEW YORK (Standard&Poor's) March 8, 2007--Standard&Poor's Ratings Services today raised its ratings on the class B notes from Ford Credit Floorplan Master Owner Trust A's series 2004-1 and 2005-1. At the same time, the 'AAA' ratings on the senior notes from both deals were affirmed (see list). The upgrades reflect credit enhancement in each series that is sufficient to withstand losses at the raised rating levels. Credit enhancement for the class A notes from each series comes from subordination provided by the class B notes and the available subordinated amount. The current level of credit enhancement for the class A notes from each series is 14.57%. The current level of credit enhancement for each series' class

  
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MLA:
S&P Global Ratings’ Credit Research. "Ford Credit Floorplan Master A Series 2004-1, 2005-1 Ratings Raised On Class B Notes To 'AAA'" Mar 08, 2007. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Ford-Credit-Floorplan-Master-A-Series-2004-1-2005-1-Ratings-Raised-On-Class-B-Notes-To-AAA-565855>
  
APA:
S&P Global Ratings’ Credit Research. (). Ford Credit Floorplan Master A Series 2004-1, 2005-1 Ratings Raised On Class B Notes To 'AAA' Mar 08, 2007. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Ford-Credit-Floorplan-Master-A-Series-2004-1-2005-1-Ratings-Raised-On-Class-B-Notes-To-AAA-565855>
  
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