...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 credit support, payment structure, and legal structure, among other factors. NEW YORK (S&P Global Ratings) Oct. 16, 2019--S&P Global Ratings today assigned its ratings to NextGear Floorplan Master Owner Trust's asset-backed notes series 2019-2 (see list). The note issuance is an 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 receivables secured by the dealers' inventory of recreational vehicles, heavy-duty...
