KBRA Assigns Preliminary Ratings to Pagaya AI Debt Grantor Trust 2025-7 & Pagaya AI Debt Trust 2025-7

Oct 14, 2025 4:24 PM Eastern Daylight Time NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 13 classes of notes issued by Pagaya AI Debt Grantor Trust 2025-7 and Pagaya AI Debt Trust 2025-7 (collectively "PAID 2025-7†), an unsecured consumer loan ABS transaction. PAID 2025-7 has initial hard credit enhancement levels of 82.79% for the Class A-1 Notes to 1.36% for the Class F Notes. Credit enhancement is comprised of overcollateralization, subordination (except for the Class F Notes), a cash ...