KBRA Assigns Preliminary Ratings to Pagaya AI Debt Grantor Trust 2026-3 and Pagaya AI Debt Trust 2026-3

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to 13 classes of notes issued by Pagaya AI Debt Grantor Trust 2026-3 and Pagaya AI Debt Trust 2026-3 (collectively “PAID 2026-3”), an unsecured consumer loan ABS transaction. PAID 2026-3 has initial hard credit enhancement levels of 83.57% for the Class A-1 Notes to 4.12% for the Class F-2 Notes. Credit enhancement is comprised of overcollateralization, subordination (except for the Class F-2 Notes), cash reserve accounts funded at clo.