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."