Priority, the payments and banking solution that streamlines collecting, storing, lending and sending money to unlock revenue opportunities, today announced that Moody’s Ratings has upgraded its credit rating to B1 from B2.
According to Moody’s, the upgrade reflects Priority’s “continued solid revenue growth, simplified and lower cost capital structure with improved cash flow generation capabilities, and the expectation of ongoing deleveraging with earnings growth and debt paydown.”
“We are pleased to have Moody's recognize our continued strong financial performance and the successful execution of improvements to our balance sheet in fiscal 2024,” said Priority CFO Tim O’Leary. “We continue to focus on optimizing our capital structure and driving shareholder value."
About Priority
Priority is the payments and banking solution that enables businesses to collect, store, lend and send funds through a unified commerce engine. Our platform combines payables, merchant services, and banking and treasury solutions so leaders can streamline financial operations efficiently — and our innovative industry experts help businesses navigate and build momentum on the path to growth. With the Priority Commerce Engine, leaders can accelerate cash flow, optimize working capital, reduce unnecessary costs, and unlock new revenue opportunities. To learn more about Priority and its publicly traded parent, Priority Technology Holdings, Inc. (NASDAQ: PRTH), visit prioritycommerce.com.
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Contacts
Media contact: Alison Jones, alison.jones@prth.com
