Ford announced its tentative agreement on a four-year contract with the United Auto Workers Union (UAW), which is likely to maintain its operating flexibility, fixed cost position, breakeven point, and liquidity position near current levels, according to Moody's Investors Service.

These combined factors, said the rating agency, are credit positive for existing floorplan transactions from the Ford Credit Master Owner Trust (FCMOT), sponsored and serviced by Ford Credit, the largest single provider of inventory financing for Ford dealerships.

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