NEW YORK (Standard&Poor's) June 30, 2004--Standard&Poor's Ratings Services assigned its 'B+' rating to Speedway Motorsports Inc.'s Rule 144A offering of $100 million 6.75% senior subordinated notes due 2013. The offering is an addition to the company's 2003 $230 million senior subordinated notes issue. Also, Standard&Poor's affirmed its ratings on the Concord, N.C.-based motorsports facilities owner and operator, including its 'BB' corporate credit rating. The rating outlook remains positive. "Upgrade potential would hinge on the company's ability to favorably renegotiate or extend its lucrative broadcasting contracts, which rights holders can opt out of at the end of 2006," said Standard&Poor's credit analyst Hal Diamond. "Over the intermediate term, we expect that the company
