...OVERVIEW + Ford Credit Floorplan Master Owner Trust A (Series 2018-4)'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 preliminary rating to the class A notes. + The preliminary ratings reflect our view of the transaction's credit support, underlying payment structure, legal structure, and cash flow mechanics, among other factors. NEW YORK (S&P Global Ratings) Dec. 13, 2018--S&P Global Ratings today assigned its preliminary ratings to Ford Credit Floorplan Master Owner Trust A's asset-backed notes series 2018-4 (see list). The note issuance is an asset-backed securities (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 preliminary ratings...
