Ford Credit Floorplan Master Owner Trust A $627.451 Million Notes Series 2016-3 Assigned Preliminary Ratings

OVERVIEW Ford Credit Floorplan Master Owner Trust A's 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 cars, trucks, and utility vehicles. We assigned our preliminary ratings to the class A-1/A-2 and B notes. The preliminary ratings reflect our view of the transaction's credit support, principal payment rate trigger, and underlying payment structure, among other factors. NEW YORK (S&P Global Ratings) July 14, 2016--S&P Global Ratings today assigned its preliminary ratings to Ford Credit Floorplan Master Owner Trust A's $627.451 million asset-backed notes series 2016-3 (see list). The note issuance is an asset-backed securities transaction backed by s revolving pool of receivables

...OVERVIEW + Ford Credit Floorplan Master Owner Trust A's 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 cars, trucks, and utility vehicles. + We assigned our preliminary ratings to the class A-1/A-2 and B notes. + The preliminary ratings reflect our view of the transaction's credit support, principal payment rate trigger, and underlying payment structure, among other factors. NEW YORK (S&P Global Ratings) July 14, 2016--S&P Global Ratings today assigned its preliminary ratings to Ford Credit Floorplan Master Owner Trust A's $627.451 million asset-backed notes series 2016-3 (see list). The note issuance is an asset-backed securities transaction backed by s revolving pool of receivables that were originated in connection with dealers purchasing and financing primarily Ford-manufactured new and used cars, trucks, and utility vehicles. The preliminary ratings...

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