NEW YORK (Standard&Poor's) May 7, 2003--Standard&Poor's Ratings Services today revised its outlook on Speedway Motorsports Inc. to positive from stable. At the same time, Standard&Poor's assigned its 'B+' rating to Speedway Motorsport's Rule 144A offering of $210 million senior subordinated notes due 2013. Also, Standard&Poor's assigned its 'BB' rating to the company's $300 million credit facility. The 'BB' corporate credit rating for the Concord, N.C.-based company was affirmed. Speedway Motorsports is the second largest U.S. owner and operator of motor sports facilities. Pro forma total debt was $360 million as of March 31, 2003. "The outlook revision reflects improving debt service measures and prospects for growing discretionary cash flow through 2006," said
