Ford Motor Credit Co. is planning a $1.6 billion securitization of new and used automobile, light-truck and utility-vehicle retail contracts, according to a presale report published by Fitch Ratings.

The deal, Ford Credit Auto Owner Trust 2014-B, is the second from the program this year. It will consist of seven tranches of notes.  The $394.1 million class A-1 notes maturing in July 2015 were assigned a preliminary ‘F1’ rating.  Three tranches of class A notes received ‘AAA’ preliminary ratings: the $538.7 million A-2 notes with a final maturity of March 2017, the $464.5 million A-3 notes maturing in October 2018, and the $102.4 million A-4 notes that reach final maturity in August 2018. 

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