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Article Date: November 2025
Word Count: 122

S&P Global Optimistic on Topgolf Sale


The ratings agency placed Topgolf Callaway Brands’ B issuer credit rating on CreditWatch Positive, anticipating that the remaining Callaway golf business will be on a strong financial footing following the sale of Topgolf. MODG’s leverage had fallen to about 5.1x as of the end of Q3 ‘25, down from 6.1x in the ... Log in to view full article.

 

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