Pagaya Technologies LTD. announced the closing of RPM 2025-3, a new $300 million AAA-rated auto loan asset-backed securitization (ABS) transaction. This marks a significant milestone as it is the first AAA-rated transaction from Pagaya’s RPM program, which has been operating for six years. The deal received a K1+ rating and AAA rating from KBRA.
This achievement is a testament to the consistent performance and scaled production demonstrated by Pagaya's auto platform. Institutional investors continue to show strong appetite for Pagaya’s asset-backed offerings, recognizing the program's robust data transparency and resilient performance.
Sahil Chandiramani, Pagaya’s Head of Capital Markets, stated that the AAA-rating on the RPM program validates the strength of their platform and the quality of their network assets. Since 2018, Pagaya has raised over $29 billion across 72 ABS transactions, funding originations in personal loans, auto, and point-of-sale.
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