OVERVIEW Ford Credit Floorplan Master Owner Trust A's series 2010-5 note issuance is a securitization of floating-rate asset-backed notes. We assigned our preliminary ratings to the class A-1, A-2, B, C, and D notes. The preliminary ratings reflect our view of the transaction's credit enhancement, cash flow structure, and collateral portfolio, as well as our stress scenarios, among other factors. NEW YORK (Standard&Poor's) Oct. 4, 2010--Standard&Poor's Ratings Services today assigned its preliminary ratings to Ford Credit Floorplan Master Owner Trust A's $586.666 million asset-backed notes series 2010-5 (see list). The preliminary ratings are based on information as of Oct. 4, 2010. Subsequent information may result in the assignment of final ratings that differ from the preliminary
