NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to 11 classes of notes issued by Pagaya AI Debt Grantor Trust 2025-2 and Pagaya AI Debt Trust 2025-2 (collectively “PAID 2025-2”), an unsecured consumer loan ABS transaction. PAID 2025-2 has initial hard credit enhancement levels of 84.75% for the Class A-1 Notes to 3.36% for the Class F Notes. Credit enhancement is comprised of overcollateralization, subordination (except for the Class F Notes), a cash reserve account funded at closin.
NEW YORK, NY / ACCESS Newswire / March 1, 2025 / Pomerantz LLP is investigating claims on behalf of investors of Pagaya Technologies Ltd ("Pagaya" or the "Company") (NASDAQ:PGY). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext.
NEW YORK, NY / ACCESS Newswire / February 27, 2025 / Pomerantz LLP is investigating claims on behalf of investors of Pagaya Technologies Ltd ("Pagaya" or the "Company") (NASDAQ:PGY). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext.
NEW YORK , Feb. 25, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Pagaya Technologies Ltd ("Pagaya" or the "Company") (NASDAQ: PGY). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext.
Pagaya's recent results and strong 2025 outlook hinge on ending write-offs and impairment charges, with management confident in improved visibility and reduced future impairments. Pagaya's AI-driven sub-prime lending model, despite past transparency issues and significant impairment charges, shows promise with improved credit standards and a diverse range of lending partners. The company's strategic partnerships and capital efficiency measures, including reduced reliance on ABS sales, position it for sustainable growth and profitability from Q2 2025.
Pagaya reported record network volume, take rate, FRLPC margin, and adjusted EBITDA in Q4 2024, a testament to the quality of its product. By taking a final impairment loss on vintage loans spanning 2021 through 2023, Pagaya can now showcase the quality of its business model by growing its profitability. Pagaya is actively diversifying its funding sources away from ABS issuances to reduce its risk exposure, which could see it exit FY 2025 at a retention rate near 3%.
Pagaya Technologies Ltd. is a fintech company leveraging AI to enhance financial services, showing impressive revenue growth and profitability but facing funding cost unpredictability and competitive pressures. The company's profitability has surged, with adjusted EBITDA up 88% YoY in Q4 and 156% for the year, indicating efficient scaling. Institutional funding and strategic partnerships are key to Pagaya's expansion, though reliance on institutional capital poses liquidity risks in volatile credit markets.
NEW YORK, NY / ACCESS Newswire / February 19, 2025 / Pomerantz LLP is investigating claims on behalf of investors of Pagaya Technologies Ltd ("Pagaya" or the "Company") (NASDAQ:PGY). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext.
NEW YORK, NY / ACCESS Newswire / February 15, 2025 / Pomerantz LLP is investigating claims on behalf of investors of Pagaya Technologies Ltd ("Pagaya" or the "Company") (NASDAQ:PGY). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext.
Pagaya Technologies (PGY 19.02%) stock is soaring Thursday. The fintech company's share price was up 18.2% as of 2 p.m.