KBRA Assigns Preliminary Ratings to Pagaya AI Debt Grantor Trust 2026-4 and Pagaya AI Debt Trust 2026-4

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to 13 classes of notes issued by Pagaya AI Debt Grantor Trust 2026-4 and Pagaya AI Debt Trust 2026-4, collectively “PAID 2026-4,” an unsecured consumer loan ABS transaction. PAID 2026-4 has initial hard credit enhancement levels ranging from 83.97% for the Class A-1 Notes to 4.05% for the Class F-2 Notes. Credit enhancement is comprised of overcollateralization, subordination, except for the Class F-2 Notes, cash reserve accounts funde.