Moody's assigns B2 ratings to Priority Payments; Outlook Stable
New York, November 23, 2016-- Moody's Investors Service assigned new debt ratings for Priority Payment Systems Holdings, LLC with a Corporate Family Rating of B2 and a Probability of Default Rating of B2-PD. Concurrently, Moody's assigned a B1 rating to Priority Payments' senior secured first lien credit facilities comprised of a $200 million term loan and an undrawn $25 million revolver. The rating action follows the company's announced plans to refinance existing...
Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:
- 130 countries
11,000 corporate issuers
21,000 public finance issuers
76,000 structured finance obligations
Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.
Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.