DBRS Confirms Ratings on Ford Credit Floorplan Master Owner Trust A

DBRS, Inc. (DBRS) has today confirmed the ratings on the DBRS rated series and notes that are issued by Ford Credit Floorplan Master Owner Trust A (“FCFMOTA”). The confirmation is due to the issuance of an unrated series in the FCFMOTA master trust. DBRS also reviewed the recent performance of the trust and determined performance has been stable and in line with expectations.

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

This rating is endorsed by DBRS Ratings Limited for use in the European Union.

Ratings

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
25-Jul-12	Series 2009-2, Class A	AAA (sf)	--	Confirmed	US
25-Jul-12	Series 2010-1 Notes, Class A	AAA (sf)	--	Confirmed	US
25-Jul-12	Series 2010-2 Notes, Class A	AAA (sf)	--	Confirmed	US
25-Jul-12	Series 2010-3 Notes, Class A-1	AAA (sf)	--	Confirmed	US
25-Jul-12	Series 2010-3 Notes, Class A-2	AAA (sf)	--	Confirmed	US
25-Jul-12	Series 2010-1 Notes, Class B	AA (sf)	--	Confirmed	US
25-Jul-12	Series 2010-2 Notes, Class B	AA (sf)	--	Confirmed	US
25-Jul-12	Series 2010-3 Notes, Class B	AA (sf)	--	Confirmed	US
25-Jul-12	Series 2010-1 Notes, Class C	A (sf)	--	Confirmed	US
25-Jul-12	Series 2010-2 Notes, Class C	A (sf)	--	Confirmed	US
25-Jul-12	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:Jul 25, 2012
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2010-1 Notes, Class A

Date Issued:Jul 25, 2012
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2010-2 Notes, Class A

Date Issued:Jul 25, 2012
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2010-3 Notes, Class A-1

Date Issued:Jul 25, 2012
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2010-3 Notes, Class A-2

Date Issued:Jul 25, 2012
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2010-1 Notes, Class B

Date Issued:Jul 25, 2012
Rating Action:Confirmed
Ratings:AA (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2010-2 Notes, Class B

Date Issued:Jul 25, 2012
Rating Action:Confirmed
Ratings:AA (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2010-3 Notes, Class B

Date Issued:Jul 25, 2012
Rating Action:Confirmed
Ratings:AA (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2010-1 Notes, Class C

Date Issued:Jul 25, 2012
Rating Action:Confirmed
Ratings:A (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2010-2 Notes, Class C

Date Issued:Jul 25, 2012
Rating Action:Confirmed
Ratings:A (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2010-3 Notes, Class C

Date Issued:Jul 25, 2012
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.

Download This Press Release