Ford Credit Floorplan Master Owner Trust A Series 2015-3 Notes Assigned Preliminary 'AAA (sf)' Rating

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 car, truck, and utility vehicles. We assigned our preliminary rating to the class A notes. The preliminary rating reflects our view of the transaction's underlying payment structure, legal structure, and cash flow mechanics, among other factors. NEW YORK (Standard&Poor's) June 4, 2015--Standard&Poor's Ratings Services today assigned its preliminary 'AAA (sf)' rating to Ford Credit Floorplan Master Owner Trust A's $300 million asset-backed notes series 2015-3 (see list). The note issuance is an asset-back securities transaction backed by a revolving pool of

...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 car, truck, and utility vehicles. + We assigned our preliminary rating to the class A notes. + The preliminary rating reflects our view of the transaction's underlying payment structure, legal structure, and cash flow mechanics, among other factors. NEW YORK (Standard & Poor's) June 4, 2015--Standard & Poor's Ratings Services today assigned its preliminary '### (sf)' rating to Ford Credit Floorplan Master Owner Trust A's $300 million asset-backed notes series 2015-3 (see list). The note issuance is an asset-back securities transaction 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. The preliminary rating is based...

Ratings Action