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Stock impact report

Pagaya's US$600m AAA ABS Deal And What It Means For Valuation [Yahoo! Finance]

Pagaya Technologies Ltd. - Class A Ordinary Shares (PGY) 
Company Research Source: Yahoo! Finance
Pagaya Technologies (NasdaqCM:PGY) has closed a $600 million AAA-rated personal loan asset-backed securities transaction. The deal includes participation from new institutional investors, expanding Pagaya's funding relationships. The transaction comes during a period of market volatility for credit and funding markets. Pagaya Technologies runs an AI-driven credit and underwriting platform that works with financial institutions to fund consumer loans. This latest securitization keeps personal loans at the center of its model, with investors financing pools of loans that Pagaya helps source and assess. For you as an investor, ABS activity like this can be a useful signal about how easily the company is accessing funding for its core business. The AAA rating and the entry of new institutional buyers indicate that large investors are still willing to commit capital to Pagaya's structure and risk profile. If the company continues to use securitization markets at scale, you may wan Show less Read more
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