Ford-Related Dealer Floorplan ABS Ratings Lowered On Nine Classes From Two Trusts - S&P Global Ratings’ Credit Research

Ford-Related Dealer Floorplan ABS Ratings Lowered On Nine Classes From Two Trusts

Ford-Related Dealer Floorplan ABS Ratings Lowered On Nine Classes From Two Trusts - S&P Global Ratings’ Credit Research
Ford-Related Dealer Floorplan ABS Ratings Lowered On Nine Classes From Two Trusts
Published Feb 18, 2009
Published Feb 18, 2009
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About This Report

  
Abstract:

NEW YORK (Standard&Poor's) Feb. 18, 2009--Standard&Poor's Ratings Services today lowered its ratings on nine classes from two Ford-related auto dealer floorplan asset-backed securities (ABS) trusts: Ford Credit Floorplan Master Owner Trust A and Ford Floorplan Auto Securitization Trust (Canada). At the same time, we removed the ratings from CreditWatch with negative implications, where they were placed on Nov. 26, 2008 (see list). In light of significant changes we perceive in the economic, credit, and business conditions affecting much of the automotive industry, Standard&Poor's believes there is an increased risk of a liquidation of a manufacturer, post insolvency. This risk has led Standard&Poor's to revise its assumptions for rating ABS dealer floorplan transactions

  
Report Type:

Ratings Action

Issuer
Ford Credit Floorplan Master Owner Trust A
Sector
Asset-Backed Securities, Structured Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Ford-Related Dealer Floorplan ABS Ratings Lowered On Nine Classes From Two Trusts" Feb 18, 2009. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Ford-Related-Dealer-Floorplan-ABS-Ratings-Lowered-On-Nine-Classes-From-Two-Trusts-703113>
  
APA:
S&P Global Ratings’ Credit Research. (). Ford-Related Dealer Floorplan ABS Ratings Lowered On Nine Classes From Two Trusts Feb 18, 2009. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Ford-Related-Dealer-Floorplan-ABS-Ratings-Lowered-On-Nine-Classes-From-Two-Trusts-703113>
  
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