Pagaya Technologies Ltd. has achieved its first AAA-rated auto loan asset-backed securities (ABS) transaction with a $300 million deal, marking a significant milestone for the company's RPM program. This achievement underscores Pagaya's robust platform and quality network assets. Institutional investors continue to show strong interest in Pagaya's offerings, with the RPM Auto program recognized for consistent execution and resilient performance. The transaction received a K1+ and AAA rating from KBRA, highlighting its high credit quality and structural strength.
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