...OVERVIEW + NextGear Floorplan Master Owner Trust's issuance is an ABS transaction backed by two revolving pools of receivables and related assets. + We assigned our ratings to the class A-1, A-2, and B notes. + The ratings reflect our view of the transaction's hard credit support, the collateral portfolio's credit quality, and NextGear Capital Inc.'s servicing experience, among other factors. New York (S&P Global Ratings) October 18, 2018--S&P Global Ratings today assigned its ratings to NextGear Floorplan Master Owner Trust's series 2018-2 notes (see list). The note issuance is an asset-backed securities (ABS) transaction backed by two revolving pools of receivables and related assets (Asset Groups 1 and 2). Asset Group 1 consists of dealer floorplan receivables to primarily independent auto dealers and, to a lesser extent, franchised auto dealers secured by the dealers' inventory of new and used automobiles and light-duty trucks, and related assets. Asset Group 2 consists primarily of...
