DBRS Confirms Outstanding Ratings on Ford Credit Floorplan Master Owner Trust A, Series 2010-2 and Series 2010-3

DBRS, Inc. (“DBRS”) has confirmed the rating on Ford Credit Floorplan Master Owner Trust A, Series 2010-2 and Series 2010-3. The confirmation is based on a review of the amendment to the transaction documents, the termination of the Servicer Side Letter Agreements, and the execution of the No Adverse Effect Certificate. DBRS also reviewed the recent performance of the trust and determined performance has been stable and in line with expectations.

DBRS confirms the following ratings in the Ford Credit Floorplan Master Owner Trust A:

-Series 2010-2 Notes, Class A confirmed at AAA (sf)
-Series 2010-2 Notes, Class B confirmed at AA (sf)
-Series 2010-2 Notes, Class C confirmed at A (sf)
-Series 2010-3 Notes, Class A-1 confirmed at AAA (sf)
-Series 2010-3 Notes, Class A-2 confirmed at AAA (sf)
-Series 2010-3 Notes, Class B confirmed at AA (sf)
-Series 2010-3 Notes, Class C confirmed at A (sf)

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

The applicable methodologies are Rating U.S. Wholesale Auto Securitizations and DBRS Master U.S. Surveillance Methodology, which can be found on our website under Methodologies.