Pagaya achives AAA Fitch rating on personal loan securitization

Pagaya (PGY) Technologies announced the closing of its latest PAID resecuritization transaction, PAID-2026-R2, totaling $368M. Notably, this marks the program’s first transaction to be rated by Fitch Ratings. The deal garnered demand from 21 unique investors, with the majority returning from prior transactions. This is the fifth PAID resecuritization transaction, a program that was designed for investors seeking seasoned personal loan collateral with an established performance history. The addition of Fitch serves as an additional independent validation of the platform’s credit strength, underpinned by the rigorous, multi-layered due diligence processes required by the rating agencies.