Moody’s Upgrades Priority’s Credit Rating
Priority Technology Holdings (PRTH) has received a credit rating upgrade from Moody's Ratings, moving up to B1 from B2. The upgrade reflects Priority's strong revenue growth, improved capital structure with lower costs, and enhanced cash flow generation capabilities.
According to Moody's assessment, the company is expected to continue deleveraging through earnings growth and debt reduction. Priority's CFO Tim O'Leary expressed satisfaction with the recognition of their financial performance and successful balance sheet improvements in fiscal 2024.
Priority Technology Holdings (PRTH) ha ricevuto un upgrade del rating creditizio da Moody's Ratings, passando da B2 a B1. Questo miglioramento riflette la forte crescita dei ricavi di Priority, una struttura patrimoniale migliorata con costi ridotti e capacità potenziate di generazione di flusso di cassa.
Secondo la valutazione di Moody's, si prevede che l'azienda continuerà a ridurre il debito attraverso la crescita degli utili e la riduzione del debito. Il CFO di Priority, Tim O'Leary, ha espresso soddisfazione per il riconoscimento delle loro performance finanziarie e dei miglioramenti del bilancio nel periodo fiscale 2024.
Priority Technology Holdings (PRTH) ha recibido una mejora en su calificación crediticia por parte de Moody's Ratings, ascendiendo de B2 a B1. La mejora refleja el fuerte crecimiento de ingresos de Priority, una estructura de capital mejorada con costos más bajos y capacidades mejoradas de generación de flujo de caja.
Según la evaluación de Moody's, se espera que la empresa continúe reduciendo su deuda a través del crecimiento de ganancias y la reducción de deuda. El CFO de Priority, Tim O'Leary, expresó su satisfacción por el reconocimiento de su desempeño financiero y las mejoras en el balance en el año fiscal 2024.
Priority Technology Holdings (PRTH)는 Moody's Ratings로부터 신용 등급이 B2에서 B1로 상향 조정되었습니다. 이번 등급 상승은 Priority의 강력한 수익 성장, 낮은 비용을 갖춘 개선된 자본 구조, 그리고 향상된 현금 흐름 생성 능력을 반영합니다.
Moody's의 평가에 따르면, 이 회사는 수익 성장과 부채 감소를 통해 계속해서 부채를 줄일 것으로 예상됩니다. Priority의 CFO인 Tim O'Leary는 2024 회계 연도에 재무 성과와 성공적인 대차대조표 개선이 인정받은 것에 대해 만족감을 표명했습니다.
Priority Technology Holdings (PRTH) a reçu une mise à niveau de sa note de crédit par Moody's Ratings, passant de B2 à B1. Cette amélioration reflète la forte croissance des revenus de Priority, une structure de capital améliorée avec des coûts réduits et des capacités accrues de génération de flux de trésorerie.
Selon l'évaluation de Moody's, l'entreprise devrait continuer à réduire son endettement grâce à la croissance des bénéfices et à la réduction de la dette. Le CFO de Priority, Tim O'Leary, a exprimé sa satisfaction quant à la reconnaissance de leur performance financière et aux améliorations réussies du bilan pour l'exercice 2024.
Priority Technology Holdings (PRTH) hat von Moody's Ratings ein Upgrade der Kreditbewertung erhalten und ist von B2 auf B1 gestiegen. Das Upgrade spiegelt das starke Umsatzwachstum von Priority, eine verbesserte Kapitalstruktur mit niedrigeren Kosten und verbesserte Möglichkeiten zur Generierung von Cashflow wider.
Laut der Einschätzung von Moody's wird erwartet, dass das Unternehmen weiterhin durch Gewinnwachstum und Schuldenabbau entschuldet. Der CFO von Priority, Tim O'Leary, äußerte sich zufrieden über die Anerkennung ihrer finanziellen Leistung und die erfolgreichen Verbesserungen der Bilanz im Geschäftsjahr 2024.
- Credit rating upgrade from B2 to B1 by Moody's
- Continued solid revenue growth
- Improved cash flow generation capabilities
- Lower cost capital structure
- Ongoing deleveraging through earnings growth
- None.
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250327104796/en/
Media contact: Alison Jones, alison.jones@prth.com
Source: Priority Technology Holdings, Inc.
FAQ
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