KBRA Assigns AAA Rating to PowerPay Issuance Trust 2026-1

KBRA Assigns Ratings to PowerPay Issuance Trust 2026-1

September 30, 2026

KBRA assigns AAA ratings to three classes of notes issued by PowerPay Issuance Trust 2026-1 (“PowerPay 2026-1”), an asset-backed securitization collateralized by a pool of consumer loans used for home improvements and health and wellness procedures. This transaction represents PowerPay’s third 144A ABS securitization.

PowerPay 2026-1 issued five classes of notes totaling $350.2 million, expected to be collateralized by approximately $357.4 million in consumer loans used for home improvement and health and wellness procedures.

Since its founding in 2018, PowerPay has funded more than $2.6 billion across approximately 150,000 transactions. PowerPay currently facilitates financing through its funding partners across all 50 states and the District of Columbia.

Read the full announcement from KBRA.

This rating reflects KBRA’s independent opinion as of the date issued and is subject to change. A credit rating is not a recommendation to buy, sell, or hold any security and does not address the suitability of any investment for any particular investor. For additional information, including rating methodology and disclosures, see KBRA’s full announcement.