Speedway Motorsports Inc. Outlook Revised To Stable From Negative; All Other Ratings Affirmed - S&P Global Ratings’ Credit Research

Speedway Motorsports Inc. Outlook Revised To Stable From Negative; All Other Ratings Affirmed

Speedway Motorsports Inc. Outlook Revised To Stable From Negative; All Other Ratings Affirmed - S&P Global Ratings’ Credit Research
Speedway Motorsports Inc. Outlook Revised To Stable From Negative; All Other Ratings Affirmed
Published Feb 07, 2012
Published Feb 07, 2012
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

The rate of decline of Speedway Motorsports' admissions revenue moderated over the course of 2011 and we expect that overall revenue and EBITDA were flat in 2011. We are revising our rating outlook to stable from negative and affirming our 'BB' corporate credit rating on the company. The stable rating outlook reflects our view that attendance levels could begin to stabilize in 2012, which, together with a sizable recurring base of broadcasting revenues, should result in credit measures remaining in line with the 'BB' rating. NEW YORK (Standard&Poor's) Feb. 7, 2012--Standard&Poor's Ratings Services said today that it revised its rating outlook on Charlotte, N.C.-based Speedway Motorsports Inc. (SMI) to stable from negative. At the same time,

  
Report Type:

Ratings Action

Ticker
Issuer
GICS
Leisure Facilities (25301030)
Sector
Global Issuers
Country
Region
Format:
HTML HTML
Buy Now

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Speedway Motorsports Inc. Outlook Revised To Stable From Negative; All Other Ratings Affirmed" Feb 07, 2012. Alacra Store. May 16, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Speedway-Motorsports-Inc-Outlook-Revised-To-Stable-From-Negative-All-Other-Ratings-Affirmed-936021>
  
APA:
S&P Global Ratings’ Credit Research. (). Speedway Motorsports Inc. Outlook Revised To Stable From Negative; All Other Ratings Affirmed Feb 07, 2012. New York, NY: Alacra Store. Retrieved May 16, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Speedway-Motorsports-Inc-Outlook-Revised-To-Stable-From-Negative-All-Other-Ratings-Affirmed-936021>
  
US$ 150.00
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.