KBRA Assigns Preliminary Ratings to Research-Driven Pagaya Motor Asset Trust VII
Retrieved on:
Wednesday, August 17, 2022
KBRA assigns preliminary ratings to $270 million of notes issued by Research-Driven Pagaya Motor Asset Trust VII (RPM VII), an auto loan ABS transaction.
Key Points:
- KBRA assigns preliminary ratings to $270 million of notes issued by Research-Driven Pagaya Motor Asset Trust VII (RPM VII), an auto loan ABS transaction.
- Pagaya Structured Products LLC is a 100% owned subsidiary of Pagaya US Holding Company LLC (formerly known as Pagaya Investments US LLC), which is a 100% owned subsidiary of Pagaya Technologies Ltd. (Pagaya Technologies), an Israeli corporation.
- This transaction is the third publicly rated securitization sponsored by Pagaya Structured Products LLC (collectively with its affiliates, Pagaya or the Company).
- Previously, Pagaya US Holding Company LLC served as sponsor for 16 securitizations of unsecured consumer assets.