National Credit Corporation

KBRA Assigns Preliminary Ratings to Research-Driven Pagaya Motor Asset Trust VII

Retrieved on: 
Wednesday, August 17, 2022
Banking, Professional Services, Finance, Machine learning, Global Savings Group, Intelligence, VII, Innovation, RPM, Sale, Securitization, LLC, National Credit Corporation, The Originator, Company, ACC, ABS, OpenROAD, CPS, FHF, KBRA, Car, Security (finance), Bank

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.