November 29, 2020
Business News

KBRA Assigns Preliminary Ratings to Pagaya AI Debt Selection Trust 2020-3


NEW YORK–()–Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to three classes of notes issued by Pagaya AI Debt Selection Trust 2020-3 (“PAID 2020-3”), a consumer loan ABS transaction.

This transaction is the first publicly rated securitization for Pagaya Investments US LLC (“Pagaya”). Pagaya is a 100% owned subsidiary of Pagaya Technologies Ltd. which is an Israeli corporation. Pagaya is a technology-based asset manager that uses data analytics and artificial intelligence to review and purchase certain unsecured consumer loans from marketplace lending (“MPL”) platforms and automobile loans from some subprime auto loan originators.

PAID 2020-3 has initial credit enhancement levels of…



Click here to view the original article.

Related Posts

You might also like ...

Toyoda Gosei Invests in Ball Wave, a Startup from Tohoku University
Best Nikon Z6 & Z7 Cyber Monday Deals 2020: Nikon Mirrorless Camera Savings Reported by Deal Tomato
BISSELL Cyber Monday Deals 2020: Best BISSELL CrossWave, Pet Pro & More Vacuum Sales Compiled by Retail Egg