DBRS Assigns Provisional Ratings to Ford Credit Floorplan Master Owner Trust A, Series 2010-3

DBRS has today assigned provisional ratings to the following classes issued by Ford Credit Floorplan Master Owner Trust A Series 2010-3 (FCFMOTA 2010-3)

–Series 2010-3 Notes, Class A-I rated AAA
–Series 2010-3 Notes, Class A-II rated AAA
–Series 2010-3 Notes, Class B-I rated AA
–Series 2010-3 Notes, Class C-I rated A

With the addition of the issuance of the FCFMOTA 2010-3, the master trust has seven series of notes outstanding, three of which are variable funding notes. As of December 31, 2009, the receivables in the master trust stemmed from 4,486 designated accounts and totaled $11.39 billion.

Note:
All figures are in U.S. dollars unless otherwise noted.

The applicable methodology is Rating U.S. Wholesale Auto Securitizations, which can be found on our website under Methodologies.

This is a Structured Finance rating.