(The following statement was released by the rating agency) OVERVIEW -- BMW Floorplan Master Owner Trust's series 2009-1 issuance is a securitization of receivables from designated revolving floorplan accounts between BMW Financial Services N.A. LLC and BMW dealers. -- We assigned our preliminary rating to the class A notes. -- The preliminary rating reflects our view of the transaction's structure, credit support, and collateral pool as well as our cash flow modeling scenarios. ...
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