On May 7, 2003, Standard&Poor's revised its outlook on Speedway Motorsports Inc. to positive from stable. At the same time, Standard&Poor's assigned its 'B+' rating to Speedway Motorsports's Rule 144A offering of $210 million senior subordinated notes due 2013. Also, Standard&Poor's assigned its 'BB' rating to the company's $300 million credit facility. The 'BB' corporate credit rating for the company was affirmed. The outlook revision reflects improving debt service measures and prospects for growing discretionary cash flow through 2006. The proposed transactions will also lower interest expense and extend bank and public debt maturities. Concord, N.C.-based Speedway Motorsports is the second largest U.S. owner and operator of motor sports facilities. Pro forma total debt
