Ford Marketing $1.07 Billion ABS Deal

Ford Motor Credit Co. is marketing an auto loan ABS worth $1.07 billion. Ford Credit is a subsidiary of Ford Motor Co.

The transaction called Ford Credit Auto Owner Trust (FCAOT) 2011-B is backed by new and used automobile, light-truck, and utility vehicle loans purchased by Ford Credit from dealers and serviced by the firm, according to a Fitch Ratings’ presale report.