DBRS Provides Rating Confirmations for Ford Credit Floorplan Master Owner Trust A

DBRS has confirmed ratings on various series (Series 2009-2, 2010-1 & 2010-2) issued from Ford Credit Floorplan Master Owner Trust A (FCFMOTA). The confirmation is due to the ability of the series to withstand a dealer concentration analysis, dealer liquidation analysis and stressed cash flow assumptions, availability of credit enhancement and the presence of payment rate triggers in each series. Current performance has also been in line with DBRS expectations.

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

The applicable methodology is Rating U.S. Wholesale Auto Securitizations, January 2010, which can be found on our website under Methodologies.

Ratings

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
13-Oct-11	Series 2009-2, Class A	AAA (sf)	--	Confirmed	US
13-Oct-11	Series 2010-1 Notes, Class A	AAA (sf)	--	Confirmed	US
13-Oct-11	Series 2010-2 Notes, Class A	AAA (sf)	--	Confirmed	US
13-Oct-11	Series 2010-3 Notes, Class A-1	AAA (sf)	--	Confirmed	US
13-Oct-11	Series 2010-3 Notes, Class A-2	AAA (sf)	--	Confirmed	US
13-Oct-11	Series 2010-1 Notes, Class B	AA (sf)	--	Confirmed	US
13-Oct-11	Series 2010-2 Notes, Class B	AA (sf)	--	Confirmed	US
13-Oct-11	Series 2010-3 Notes, Class B	AA (sf)	--	Confirmed	US
13-Oct-11	Series 2010-1 Notes, Class C	A (sf)	--	Confirmed	US
13-Oct-11	Series 2010-2 Notes, Class C	A (sf)	--	Confirmed	US
13-Oct-11	Series 2010-3 Notes, Class C	A (sf)	--	Confirmed	US

More

Ford Credit Floorplan Master Owner Trust A

Series 2009-2, Class A

Date Issued:Oct 13, 2011
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2010-1 Notes, Class A

Date Issued:Oct 13, 2011
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2010-2 Notes, Class A

Date Issued:Oct 13, 2011
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2010-3 Notes, Class A-1

Date Issued:Oct 13, 2011
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2010-3 Notes, Class A-2

Date Issued:Oct 13, 2011
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2010-1 Notes, Class B

Date Issued:Oct 13, 2011
Rating Action:Confirmed
Ratings:AA (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2010-2 Notes, Class B

Date Issued:Oct 13, 2011
Rating Action:Confirmed
Ratings:AA (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2010-3 Notes, Class B

Date Issued:Oct 13, 2011
Rating Action:Confirmed
Ratings:AA (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2010-1 Notes, Class C

Date Issued:Oct 13, 2011
Rating Action:Confirmed
Ratings:A (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2010-2 Notes, Class C

Date Issued:Oct 13, 2011
Rating Action:Confirmed
Ratings:A (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2010-3 Notes, Class C

Date Issued:Oct 13, 2011
Rating Action:Confirmed
Ratings:A (sf)
Trend:--
Rating Recovery:
Issued:US

ALL MORNINGSTAR DBRS RATINGS ARE SUBJECT TO DISCLAIMERS AND CERTAIN LIMITATIONS. PLEASE READ THESE DISCLAIMERS AND LIMITATIONS AND ADDITIONAL INFORMATION REGARDING MORNINGSTAR DBRS RATINGS, INCLUDING DEFINITIONS, POLICIES, RATING SCALES AND METHODOLOGIES.

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