Twelve Ratings Affirmed On Four NextGear Floorplan Master Owner Trust Transactions

OVERVIEW We reviewed four NextGear Floorplan Master Owner Trust transactions backed by two revolving pools of receivables and related assets. We affirmed our ratings on 12 classes of notes from the four transactions. All four transactions are still in their revolving periods. The rating affirmations reflect our views regarding future collateral performance as well as each transaction's structure and credit enhancement. NEW YORK (S&P Global Ratings) Nov. 30, 2017--S&P Global Ratings today affirmed its ratings on 12 classes from four 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). Today's rating affirmations reflect the collateral performance (loss and payment rates) to date of the

...OVERVIEW + We reviewed four NextGear Floorplan Master Owner Trust transactions backed by two revolving pools of receivables and related assets. + We affirmed our ratings on 12 classes of notes from the four transactions. All four transactions are still in their revolving periods. + The rating affirmations reflect our views regarding future collateral performance as well as each transaction's structure and credit enhancement. NEW YORK (S&P Global Ratings) Nov. 30, 2017--S&P Global Ratings today affirmed its ratings on 12 classes from four 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). Today's rating affirmations reflect the collateral performance (loss and payment rates) to date of the two pools, our views regarding their future collateral performance, the transaction structures, and the credit enhancement available to the notes. In addition, our analysis...

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