KBRA Assigns Preliminary Ratings to Purchasing Power Funding 2026-A, LLC
PROG Holdings, Inc. (PRG)
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to five classes of notes issued by Purchasing Power Funding 2026-A, LLC (“PPWR 2026-A”), a $225.00 million consumer installment receivable ABS transaction. PPWR 2026-A is a revolving ABS securitization with an initial securitization value of approximately $256.1 million and is collateralized by a pool of retail installment sales contracts (“Receivables”) originated by Purchasing Power, LLC (the “Company” or “Purchasing Power”).Founded in 2001, Purchasing Power is an Atlanta, GA-based provider of an organization-sponsored payroll purchase program. On January 2, 2026, the Company was acquired for approximately $420 million by PROG Holdings, Inc. (NYSE: PRG) (“PROG”), a fintech company headquartered in Salt Lake City, UT, which specializes in alternative payment solutions for customers of subprime credit quality.Purchasing Power partners with private sector employers (“Affiliate Clients”) and government employers (“Public Se
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PRG
News
- A Look At PROG Holdings (PRG) Valuation As Shares Track Recent Momentum [Yahoo! Finance]Yahoo! Finance
- PROG Holdings, Inc. to Release Fourth Quarter 2025 Financial Results on February 18, 2026 [Yahoo! Finance]Yahoo! Finance
- PROG Holdings, Inc. to Release Fourth Quarter 2025 Financial Results on February 18, 2026Business Wire
- A Look At PROG Holdings (PRG) Valuation As Shares Show Short Term Momentum [Yahoo! Finance]Yahoo! Finance
- Aaron's (NYSE:PRG) had its price target lowered by analysts at TD Cowen from $41.00 to $38.00. They now have a "buy" rating on the stock.MarketBeat
PRG
Earnings
- 10/22/25 - Beat
PRG
Sec Filings
- 1/2/26 - Form 8-K
- 12/2/25 - Form 8-K
- PRG's page on the SEC website