...OVERVIEW + Ford Credit Floorplan Master Owner Trust A's series 2018-4 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 rating to the class A notes. + The 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. 21, 2018--S&P Global Ratings today assigned its 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 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 rating reflects: + Our view that the 25.35% hard credit support...
