-- The U.S. recession has significantly negatively affected Speedway Motorsports' operating performance. -- Speedway Motorsports proposed a $250 million senior unsecured bond offering. -- We are revising the rating outlook to negative from stable. -- The outlook revision reflects our expectation that operating performance will remain weak in 2009 and the lease adjusted total debt to EBITDA will exceed our target of 3.3x for a negative outlook at least through 2009. CHICAGO (Standard&Poor's) May 14, 2009--Standard&Poor's Ratings Services said today that it has assigned a 'BB' issue-level rating (the same as the corporate credit rating), and a '3' recovery rating to Concord, N.C.-based Speedway Motorsports Inc.'s proposed $250 million senior unsecured notes due 2016. A recovery
