...OVERVIEW + Following the recent downgrade 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 affirmed our '### (sf)' rating on 20 classes from 15 series, and our '##+ (sf)' rating on nine classes from nine series. + The rating affirmations reflect our views regarding the strength of the manufacturer and the dealer base, the collateral quality and receivables performance, the series structures, and the credit enhancement relative to our assumptions. NEW YORK (S&P Global Ratings) Nov. 1, 2019--S&P Global Ratings today affirmed its ratings on 29 classes from 15 series issued under Ford Credit Floorplan Master Owner Trust A following the Oct. 25, 2019, downgrade of Ford Motor Co. and its subsidiaries, including Ford Motor Credit Co. LLC (FMCC)....
