OVERVIEW Ford Credit Floorplan Master Owner Trust A's series 2011-1 note issuance is a securitization of a revolving pool of receivables that were originated in connection with dealers' purchase and financing of new and used car, truck, and utility vehicles, which consist primarily of Ford-manufactured vehicles. We assigned our ratings to the class A-1, A-2, B, C, and D notes. The 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) Feb. 24, 2011--Standard&Poor's Ratings Services today assigned its ratings to Ford Credit Floorplan Master Owner Trust A's asset-backed notes series 2011-1 (see list). The series 2011-1 transaction is
