...OVERVIEW + We reviewed our ratings on 10 series of notes issued by Ford Credit Floorplan Master Owner Trust A. The transactions are backed by a revolving pool of receivables secured by vehicles from designated floorplan accounts offered by Ford Motor Credit Co. LLC to Ford Motor Co.'s retail automobile dealers. + We affirmed our ratings on 13 class A notes from 10 series, lowered our ratings on six B notes from six series, and removed all 19 ratings from CreditWatch negative. + The rating actions reflects our views regarding each series' future collateral performance, transaction structure, and available credit enhancement. NEW YORK (S&P Global Ratings) Aug. 14, 2020--S&P Global Ratings today affirmed its ratings on 13 class A notes from 10 series issued by Ford Credit Floorplan Master Owner Trust A (FCFMOTA). At the same time, we lowered our ratings on six classes of B notes from six series and removed all 19 ratings from CreditWatch, where they were placed with negative implications on...
