OVERVIEW Ford Credit Floorplan Master Owner Trust A's series 2014-1 issuance is an ABS securitization backed by a revolving pool of receivables that were originated in connection with dealers purchasing and financing primarily Ford-manufactured new and used car, truck, 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) Feb. 19, 2014--Standard&Poor's Ratings Services today assigned its ratings to Ford Credit Floorplan Master Owner Trust A's $1.15 billion asset-backed notes series 2014-1 (see list). The note issuance is an asset-backed securities transaction backed by a revolving pool of
