The debt ratings of Acushnet Holdings Corp., the parent of Titleist and FootJoy, were affirmed by Moody’s Ratings. The affirmation also reflects Acushnet’s “leading market position, strong brands, and resilient earnings supported by its golf consumables business,” according to Moody’s report. Ratings affected included Acushnet’s Ba2 Corporate Family Rating (“CFR”) and Ba2-PD Probability of Default Rating (“PDR”). “Acushnet’s liquidity remains good as reflected in the SGL-2 speculative grade liquidity rating. We expect annual free cash flow generation of approximately $130 million to $150 million during 2026 and 2027 despite continued capital expenditures and shareholder distributions.”