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Fitch Rates BMW Floorplan Master Owner Trust 2015-1; Outlook Stable

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings assigns the following ratings and Rating Outlooks to BMW Floorplan Master Owner Trust Series 2015-1 as follows: --$900,000,000 class A 'AAAsf'; Outlook Stable; --$38,180,000 class B Not Rated. KEY RATING DRIVERS Good Quality of Receivables: The trust receivables include 85% loans backed by new vehicles and mainly BMW, MINI, and other OEM new and used vehicles. Asset Concentrations Exist: Dealers are subject to specific concentration limits, mitigating th

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