Ford Motor Credit is returning with a second securitization of dealer inventory financing in two months

Ford Credit Floorplan Master Owner Trust A, series 2016-2 will issue a single, $750 million tranche of seven-year notes with a preliminary ‘AAA’ rating from Fitch Ratings. The notes benefit from credit enhancement of 24.27%; unchanged from the last deal rated by Fitch (2015-3), but down slightly from 24.38% on Ford’s previous deal (2016-1), completed in February.

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