NextGear Floorplan Master Owner Trust $433.33 Million Series 2015-2 Notes Assigned Preliminary Ratings

OVERVIEW NextGear Floorplan Master Owner Trust's issuance is an ABS transaction backed by two revolving pools of receivables and related assets consisting of new and used automobiles and other vehicles. We assigned our preliminary ratings to the class A-1, A-2, and B notes. The preliminary ratings reflect our view of the transaction's hard credit support, credit quality, and underlying payment structure, among other factors. NEW YORK (Standard&Poor's) Oct. 23, 2015--Standard&Poor's Ratings Services today assigned its preliminary ratings to NextGear Floorplan Master Owner Trust 's $433.33 million asset-backed notes series 2015-2 (see list). The note issuance is an ABS transaction backed by two revolving pools of receivables and related assets consisting of new and used automobiles and

...OVERVIEW + NextGear Floorplan Master Owner Trust's issuance is an ABS transaction backed by two revolving pools of receivables and related assets consisting of new and used automobiles and other vehicles. + We assigned our preliminary ratings to the class A-1, A-2, and B notes. + The preliminary ratings reflect our view of the transaction's hard credit support, credit quality, and underlying payment structure, among other factors. NEW YORK (Standard & Poor's) Oct. 23, 2015--Standard & Poor's Ratings Services today assigned its preliminary ratings to NextGear Floorplan Master Owner Trust 's $433.33 million asset-backed notes series 2015-2 (see list). The note issuance is an ABS transaction backed by two revolving pools of receivables and related assets consisting of new and used automobiles and other vehicles. The preliminary ratings are based on information as of Oct. 23, 2015. Subsequent information may result in the assignment of final ratings that differ from the preliminary ratings....

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