Ford Credit Floorplan Master Owner Trust A Notes Series 2019-3 Assigned 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 ratings to the class A-1, A-2, and B notes. The ratings reflect our view of the transaction's credit support and payment trigger, among other factors. NEW YORK (S&P Global Ratings) Sept. 20, 2019--S&P Global Ratings today assigned its ratings to Ford Credit Floorplan Master Owner Trust A's (the trust's) asset-backed notes series 2019-3 (see list). The issuance is an ABS transaction backed by a revolving pool of receivables that were originated in connection with dealers purchasing and

...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 ratings to the class A-1, A-2, and B notes. + The ratings reflect our view of the transaction's credit support and payment trigger, among other factors. NEW YORK (S&P Global Ratings) Sept. 20, 2019--S&P Global Ratings today assigned its ratings to Ford Credit Floorplan Master Owner Trust A's (the trust's) asset-backed notes series 2019-3 (see list). The 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. The ratings reflect: + Our view that the 24.35% and 20.85% hard credit support (expressed as a percentage of the collateral amount)...

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