Six Ratings On Two Ford Credit Floorplan Master Owner Trust A Series Placed On CreditWatch Positive

Following the recent upgrade of Ford Motor Co. and its subsidiaries, we reviewed the outstanding series issued under the Ford Credit Floorplan Master Owner Trust A, which is backed by a revolving pool of receivables secured by vehicles from designated floorplan accounts offered by Ford Credit to Ford's retail automobile dealers. We placed six ratings from two series on CreditWatch with positive implications. NEW YORK (S&P Global Ratings) Nov. 3, 2023--S&P Global Ratings today placed six classes from two series issued under Ford Credit Floorplan Master Owner Trust A on CreditWatch with positive implications following the Oct. 30, 2023, upgrade of Ford Motor Co. and its subsidiaries, including Ford Motor Credit Co. LLC (FMCC). Each series is backed by a

...- Following the recent upgrade of Ford Motor Co. and its subsidiaries, we reviewed the outstanding series issued under the Ford Credit Floorplan Master Owner Trust A, which is backed by a revolving pool of receivables secured by vehicles from designated floorplan accounts offered by Ford Credit to Ford's retail automobile dealers. - We placed six ratings from two series on CreditWatch with positive implications. NEW YORK (S&P Global Ratings) Nov. 3, 2023--S&P Global Ratings today placed six classes from two series issued under Ford Credit Floorplan Master Owner Trust A on CreditWatch with positive implications following the Oct. 30, 2023, upgrade of Ford Motor Co. and its subsidiaries, including Ford Motor Credit Co. LLC (FMCC). Each series is backed by a revolving pool of receivables and related assets arising from floorplan financing agreements originated and serviced by FMCC (see list). Ford Motor Co. is the primary manufacturer of the vehicles securing receivables sold to Ford Credit...

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