Ford Motor Credit Co. plans to issue $1.38 billion of notes over two series issued from its floorplan master owner trust, according to Fitch Ratings.

The series 2013-3 and series 2013-4, both offering $690.20 million of notes, will be structured identically with A-1, A-2, B, C, and D notes that have been assigned preliminary ratings by Fitch and Standard & Poor’s. Fitch last rated the 2011-2 series issued in October 2011.

The notes are backed by a revolving pool of receivables that were originated in connection with dealers purchasing and financing new and used car, truck, and utility vehicles, which consist primarily of Ford-manufactured vehicles.

Credit Agricole, HSBC, JP Morgan and Morgan Stanley will underwrite both deals.

S&P and Fitch have  assigned the class A notes, issued under the series 2013-3 series ‘AAA’/ ‘AAA’ ratings; the class B notes ‘AA’/ ‘AA’ ratings; the class C notes ‘A’/ ‘A’ ratings; the class D notes ‘BBB’/ ‘BBB’ ratings.

For the series 2013-4 series, S&P assigned ‘AAA’ / ‘AAA’ rating to class A notes; ‘AA’ / ‘AA’ ratings to the class B notes; ‘A’ / ‘A’ ratings to the class C notes; and ‘BBB’ / ‘BBB’ ratings to the class D notes.

The class A notes across both series are structured with 24.38% credit support; the class B notes are structured with 20.77% credit support; the class C notes are structured with 15.88% credit support; and the class D notes are structured with 12.88% credit support.

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