OVERVIEW Ford Credit Floorplan Master Owner Trust A's issuance is an ABS securitization backed by a revolving pool of receivables that were originated in connection with dealers purchasing and financing new and used cars, trucks, and utility vehicles, which consist primarily of Ford-manufactured vehicles. We assigned our preliminary rating to the class A notes. The preliminary rating reflects our view of the transaction's underlying payment structure, Ford Credit's servicing experience, and legal structure, among other factors. NEW YORK (Standard&Poor's) March 15, 2013--Standard&Poor's Ratings Services today assigned its preliminary rating to Ford Credit Floorplan Master Owner Trust A's $200 million asset-backed notes series 2013-2 (see list). The note issuance is an asset-backed securitization backed by a revolving
