OVERVIEW Ford Credit Floorplan Master Owner Trust A's series 2013-4 issuance is an asset-backed notes securitization backed by a revolving pool of receivables that were originated in connection with dealers purchasing and financing new and used car, truck, and utility vehicles, which consist primarily of Ford-manufactured vehicles. We assigned our ratings to the class A, B, C, and D notes. The ratings reflect our view of the transaction's sufficient hard credit support, our stress scenarios, the available credit enhancement, the credit risk inherent in the collateral loan pool, and the underlying payment structure, legal structure, and cash flow mechanics, among other factors. NEW YORK (Standard&Poor's) June 18, 2013--Standard&Poor's Ratings Services today assigned its ratings to Ford
