10-K - Ford Credit Auto Owner Trust 2023-A (0001967111) (Filer)

Fri, Mar 21, 12:06 PM (36 days ago)

**Summary of Ford Credit Auto Owner Trust 2023-A 10-K** **Company:** Ford Credit Auto Owner Trust 2023-A (Ticker: Not applicable) **Financial Performance (2024):** - The document does not provide specific financial figures for revenue, net income, or operating expenses. **Strategic Overview:** - The trust focuses on asset-backed securities backed by auto receivables. - Key servicers include Ford Motor Credit Company LLC (Ford Credit) and The Bank of New York Mellon (BNYM). **Future Outlook:** - The trust's future outlook is not explicitly detailed in the provided document. **Risk Factors:** - Material instances of noncompliance with servicing criteria were identified, particularly related to BNYM's activities with different asset types. **Financial Condition:** - The document does not provide detailed financial condition information. **Market Position Changes:** - The trust has no voting or non-voting common equity outstanding held by non-affiliates. **Key Highlights:** - Ford Credit and BNYM have provided reports on compliance with servicing criteria. - BNYM identified material instances of noncompliance, but these did not affect the trust's asset-backed securities. - Ford Credit's compliance statement is included, indicating adherence to servicing criteria. **Conclusion:** Ford Credit Auto Owner Trust 2023-A operates within a structured framework involving key servicers and compliance reports. While there were instances of noncompliance, they did not impact the trust's specific asset-backed securities. The document emphasizes regulatory compliance and servicing criteria adherence.