Fourteen Ratings Affirmed On Five Ford Credit Floorplan Master Owner Trust A Transactions - S&P Global Ratings’ Credit Research

Fourteen Ratings Affirmed On Five Ford Credit Floorplan Master Owner Trust A Transactions

Fourteen Ratings Affirmed On Five Ford Credit Floorplan Master Owner Trust A Transactions - S&P Global Ratings’ Credit Research
Fourteen Ratings Affirmed On Five Ford Credit Floorplan Master Owner Trust A Transactions
Published Nov 28, 2022
5 pages (1990 words) — Published Nov 28, 2022
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

We reviewed five Ford Credit Floorplan Master Owner Trust A transactions (series 2006-1, 2016-2, 2018-2, 2018-4, and 2019-4) backed by a revolving pool of receivables and related assets. We affirmed our ratings on 14 classes of notes from the five transactions. The transactions are still in their revolving periods. The rating affirmations reflect our views regarding the strength of the manufacturer and the dealer base, collateral quality, receivables performance, and each transaction's structure and credit enhancement relative to our assumptions. NEW YORK (S&P Global Ratings) Nov. 28, 2022--S&P Global Ratings today affirmed its ratings on 14 classes from five Ford Credit Floorplan Master Owner Trust A transactions (series 2006-1, 2016-2, 2018-2, 2018-4, and 2019-4) backed by a revolving pool of

  
Brief Excerpt:

...- We reviewed five Ford Credit Floorplan Master Owner Trust A transactions (series 2006-1, 2016-2, 2018-2, 2018-4, and 2019-4) backed by a revolving pool of receivables and related assets. - We affirmed our ratings on 14 classes of notes from the five transactions. The transactions are still in their revolving periods. - The rating affirmations reflect our views regarding the strength of the manufacturer and the dealer base, collateral quality, receivables performance, and each transaction's structure and credit enhancement relative to our assumptions. NEW YORK (S&P Global Ratings) Nov. 28, 2022--S&P Global Ratings today affirmed its ratings on 14 classes from five Ford Credit Floorplan Master Owner Trust A transactions (series 2006-1, 2016-2, 2018-2, 2018-4, and 2019-4) backed by a revolving pool of receivables and related assets originated and serviced by Ford Motor Credit Company LLC (Ford Credit; ##+/Positive/B). (See list.) Today's rating affirmations reflect the trust's collateral...

  
Report Type:

Ratings Action

Issuer
Ford Credit Floorplan Master Owner Trust A
Sector
Global Issuers, Structured Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
Buy Now

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Fourteen Ratings Affirmed On Five Ford Credit Floorplan Master Owner Trust A Transactions" Nov 28, 2022. Alacra Store. May 02, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Fourteen-Ratings-Affirmed-On-Five-Ford-Credit-Floorplan-Master-Owner-Trust-A-Transactions-2922296>
  
APA:
S&P Global Ratings’ Credit Research. (). Fourteen Ratings Affirmed On Five Ford Credit Floorplan Master Owner Trust A Transactions Nov 28, 2022. New York, NY: Alacra Store. Retrieved May 02, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Fourteen-Ratings-Affirmed-On-Five-Ford-Credit-Floorplan-Master-Owner-Trust-A-Transactions-2922296>
  
US$ 150.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Residential Mortgage-Backed Securities from one place.