Ford Motor Credit Co. priced its $1.6 billion prime auto loan securitization, dubbed Ford Credit Auto Owner Trust 2014-A, up to 10 basis points tighter than its last deal to print in 2013.

Moody’s Investors Service and Standard & Poor’s rated the latest deal. A triple-A rated tranche with a weighted average life of 1.05-years priced at 18 basis points over the Eurodollar synthetic forward curve.

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