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Article Date: January 2026
Word Count: 126

S&P Weighs in on Topgolf Sale


S&P Global echoed Moody’s sentiment on Callaway’s sale of a 60% stake in Topgolf to Leonard Green & Partners, raising its issuer credit rating by two notches to BB- from B on the prospect of dramatically reduced leverage. The ratings agency forecasts that Callaway’s adjusted leverage will improve to near 2x in 2026 from ... Log in to view full article.

 

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