Ford Credit Floorplan Master Owner Trust A Series 2024-1 And 2024-2 Notes Assigned Ratings

Ford Credit Floorplan Master Owner Trust A's issuances are ABS securitizations 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 ratings to the series 2024-1 class A-1, A-2 and B notes and series 2024-2 class A and B notes. The ratings reflect our view of the transactions' credit enhancement and payment and legal structures, among other factors. NEW YORK (S&P Global Ratings) May 10, 2024--S&P Global Ratings today assigned its ratings to Ford Credit Floorplan Master Owner Trust A's asset-backed notes. We assigned our ratings to the class A-1 and A-2 (collectively, class A) and B notes from series

...- Ford Credit Floorplan Master Owner Trust A's issuances are ABS securitizations 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 ratings to the series 2024-1 class A-1, A-2 and B notes and series 2024-2 class A and B notes. - The ratings reflect our view of the transactions' credit enhancement and payment and legal structures, among other factors. NEW YORK (S&P Global Ratings) May 10, 2024--S&P Global Ratings today assigned its ratings to Ford Credit Floorplan Master Owner Trust A's asset-backed notes. We assigned our ratings to the class A-1 and A-2 (collectively, class A) and B notes from series 2024-1 and class A and B notes from series 2024-2. (See list.) The note issuances are ABS securitizations backed by a revolving pool of receivables that were originated in connection with dealers purchasing and financing primarily Ford-manufactured...

Ratings Action