Second-largest racetrack owner, hosting races sanctioned by the National Association of Stock Car Auto Racing (NASCAR); TV broadcasting contracts providing 4% average annual increases in rights payments from 2008 through 2014; and Moderate capital structure. Somewhat volatile admission revenues sensitive to economic conditions and weather; Somewhat limited business diversity because the company operates only six tracks; International Speedway Corp., the industry leader and Speedway Motorsports' major competitor, is controlled by the same family that controls NASCAR; and Expected to pursue debt-financed acquisitions of independent tracks on an opportunistic basis. The ratings on Speedway Motorsports Inc. (Speedway) reflect its good market position in the motorsports industry, consistent operating performance, and moderate capital structure. Speedway is one of the two largest companies
