Pagaya Closes AAA-Rated $400 Million RPM Deal, its Fourth Auto ABS of the Year
1. Pagaya has closed a $400 million AAA-rated RPM deal. 2. This marks their fourth auto ABS and tenth ABS transaction this year.
FAQ
Why Bullish?
The successful closing of AAA-rated deals often boosts investor confidence, similar to previous transactions by Pagaya that positively influenced price movements.
How important is it?
The closure of a significant deal enhances Pagaya's market position, likely leading to increased stock attractiveness.
Why Short Term?
The announcement can lead to immediate investor interest, mirroring past behaviors with similar news affecting share prices quickly.