...OVERVIEW + We reviewed six NextGear Floorplan Master Owner Trust transactions backed by two revolving pools of receivables and related assets. The transactions are still in their revolving periods. + We affirmed our ratings on 19 classes from the six transactions. + The affirmations reflect our views regarding the transaction's future collateral performance, structure, and credit enhancement. NEW YORK (S&P Global Ratings) March 1, 2019--S&P Global Ratings today affirmed its ratings on 19 classes from six NextGear Floorplan Master Owner Trust transactions backed by two revolving pools of receivables and related assets originated and serviced by NextGear Financial (Nextgear) (see list). The affirmations reflect our views regarding the two revolving pools' current and future collateral performance (loss and payment rates), the transaction's structures, and the credit enhancement available to the notes. Our analysis also incorporate secondary credit factors such as credit stability, payment...
