OVERVIEW Ford Credit Floorplan Master Owner Trust A's series 2014-3 issuance is an ABS transaction 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 preliminary 'AAA (sf)' rating to the series 2014-3 class A notes. The preliminary rating reflects our view of the transaction's underlying payment structure, legal structure, and cash flow mechanics, among other factors. NEW YORK (Standard&Poor's) June 24, 2014--Standard&Poor's Ratings Services today assigned its preliminary 'AAA (sf)' rating to Ford Credit Floorplan Master Owner Trust A's $400 million asset-backed notes series 2014-3. The note issuance is an asset-backed securities transaction backed by
