On June 18, 2008, Standard&Poor's Ratings Services placed its ratings for Concord, N.C.-based Speedway Motorsports Inc., including the 'BB+' corporate credit rating, on CreditWatch with negative implications, indicating the possibility of a downward rating action over the near term. The CreditWatch listing is based on Speedway Motorsports' more aggressive stance on financial policy and debt leverage, and our discomfort with the narrowing margin of covenant compliance for a 'BB+' rating. The proposed acquisition of Kentucky Speedway LLC would push the company's total debt to EBITDA greater than our original target of 3x for the current 'BB+' corporate credit rating. Given our belief that the probability of a Sprint Cup date at Kentucky Speedway in the 2009 season is
