On Dec. 17, 2007, Standard&Poor's Ratings Services affirmed its 'BBB' bank loan and '1' recovery ratings on Speedway Motorsports Inc.'s (Speedway) senior secured first-lien bank facility, following the announcement that the company will increase the add-on portion of its first-lien revolving credit facility to $500 million from $400 million. At the same time, we affirmed our 'BB+' corporate credit rating on the Concord, N.C.-based company. Revolving credit facility borrowings will be used to fund the purchase of New Hampshire Speedway Inc. for $340 million in cash. Pro forma for the $100 million accordion facility, the $500 million revolving credit due 2010 retains the rating of 'BBB', two notches above the corporate credit rating on Speedway. The recovery rating
