OVERVIEW Ford Credit Floorplan Master Owner Trust A's issuance is an ABS transaction backed by a revolving pool of receivables that were originated in connection with dealers purchasing and financing primarily Ford-manufactured new and used cars, trucks, and utility vehicles. We assigned our ratings to the class A-1, A-2, and B notes. The ratings reflect our view of the transaction's underlying payment structure, legal structure, and cash flow mechanics, among other factors. NEW YORK (Standard&Poor's) Aug. 26, 2014--Standard&Poor's Ratings Services today assigned its ratings to Ford Credit Floorplan Master Owner Trust A's $1.046 billion asset-backed notes series 2014-4 (see list). The note issuance is an asset-back securities transaction backed by a revolving pool of receivables that
