...OVERVIEW + Ford Credit Floorplan Master Owner Trust A's series 2010-2 issuance is a securitization of a revolving pool of receivables that were originated in connection with dealers' purchase and financing of new and used car and truck inventories, which consist primarily Ford manufactured vehicles. + We assigned our ratings to the class A, B, and C notes. + The ratings reflect our view of the transaction's hard credit support, credit risk, underlying payment structure, cash flow mechanics, and legal structure as well as our stress scenarios, among other factors. NEW YORK (Standard & Poor's) Feb. 4, 2010--Standard & Poor's Ratings Services today assigned its ratings to Ford Credit Floorplan Master Owner Trust A's $250 million fixed-rate asset-backed notes series 2010-2 (see list). The ratings reflect: + Our view that the 29.81% hard credit support, which is expressed as a percentage of the collateral amount, is sufficient to withstand our stress scenarios commensurate with the '###' rating...
