CHICAGO (Standard&Poor's) Oct. 27, 2008--Standard&Poor's Ratings Services today lowered its corporate credit and issue-level ratings on Concord, N.C.-based Speedway Motorsports Inc. by one notch; the corporate credit rating was lowered to 'BB' from 'BB+'. Concurrently, we removed the ratings from CreditWatch, where they were placed with negative implications June 18, 2008. The rating outlook is stable. "The rating change is based on Speedway Motorsports' more aggressive financial policy, higher debt leverage, and our discomfort with the narrowing margin of compliance for the previous 'BB+' rating," explained Standard&Poor's credit analyst Andy Liu. Over the past 12 months, Speedway Motorsports acquired New Hampshire International Speedway for $340 million in cash and has agreed to acquire the
