Priority Technology Holdings, Inc. announced on March 27, 2025, that Moody's Ratings upgraded its credit rating to B1 from B2. This upgrade reflects Priority's continued solid revenue growth and a simplified capital structure. It also acknowledges improved cash flow generation capabilities.
Moody's cited the expectation of ongoing deleveraging through earnings growth and debt paydown as key factors for the upgrade. Priority CFO Tim O'Leary expressed satisfaction with Moody's recognition of the company's strong financial performance. The upgrade also highlights successful execution of balance sheet improvements in fiscal 2024.
This improved credit rating can lead to lower borrowing costs and enhanced financial flexibility for Priority. The company continues to focus on optimizing its capital structure and driving shareholder value. This development strengthens its position in the payments and banking solution market.
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