OVERVIEW Ford Credit Floorplan Master Owner Trust A's series 2013-5 issuance is an ABS securitization backed by a revolving pool of receivables that were originated in connection with dealers purchasing and financing primarily Ford- manufactured, new and used car, truck, and utility vehicles. 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 underlying payment structure, legal structure, and cash flow mechanics among other factors. NEW YORK (Standard&Poor's) Sept. 9, 2013--Standard&Poor's Ratings Services today assigned its preliminary ratings to Ford Credit Floorplan Master Owner Trust A's asset-backed notes series 2013-5 (see list). The note issuance is an asset-backed securities transaction backed by
