OVERVIEW Ford Credit Floorplan Master Owner Trust A's series 2013-5 issuance is an ABS securitization backed by a revolving pool of receivables related to 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, B, C, and D 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) Sept. 17, 2013--Standard&Poor's Ratings Services today assigned its ratings to Ford Credit Floorplan Master Owner Trust A's asset-backed notes series 2013-5 (see list). The note issuance is an asset-backed securities (ABS) transaction backed by a revolving pool of receivables related to
