Ford Credit Floorplan Master Owner Trust A Notes Series 2018-1 And 2018-2 Assigned Ratings

OVERVIEW Ford Credit Floorplan Master Owner Trust A's issuances are ABS transactions each 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 ratings to the class A-1, A-2, and B notes from series 2018-1 and the class A and B notes from series 2018-2. The ratings reflect our view of the transactions' credit support, underlying payment structure, legal structure, and cash flow mechanics, among other factors. NEW YORK (S&P Global Ratings) March 20, 2018--S&P Global Ratings today assigned its ratings to Ford Credit Floorplan Master Owner Trust A's $758.170 million asset-backed notes series 2018-1 and $522.876 million asset-backed notes

...OVERVIEW + Ford Credit Floorplan Master Owner Trust A's issuances are ABS transactions each 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 ratings to the class A-1, A-2, and B notes from series 2018-1 and the class A and B notes from series 2018-2. + The ratings reflect our view of the transactions' credit support, underlying payment structure, legal structure, and cash flow mechanics, among other factors. NEW YORK (S&P Global Ratings) March 20, 2018--S&P Global Ratings today assigned its ratings to Ford Credit Floorplan Master Owner Trust A's $758.170 million asset-backed notes series 2018-1 and $522.876 million asset-backed notes series 2018-2 (see list). The note issuances are asset-backed securities transactions each backed by a revolving pool of receivables that were originated in connection with dealers purchasing and financing...

Ratings Action