NEW YORK–(BUSINESS WIRE)– #creditratingagency–KBRA assigns preliminary ratings to four classes of notes issued by Upgrade Master Pass-Thru Trust, Series 2026-ST5 (“UMPT 2026-ST5”), a consumer loan ABS transaction. UMPT 2026-ST5 has initial hard credit enhancement levels ranging from 45.10% for the Class A Notes to 22.10% for the Class D Notes. Credit enhancement consists of overcollateralization, subordination of the junior note classes, except for the Class D Notes, a cash reserve account, and excess spread. Thi