The ratings on Speedway Motorsports Inc. (Speedway) reflect its good market position in the motorsports industry, consistent operating performance, and moderate capital structure. Speedway is one of the two largest companies hosting races sanctioned by the National Association for Stock Car Auto Racing (NASCAR), with a 28% market share of the Nextel Cup schedule. Standard&Poor's Ratings Services expects that profitability will remain stable because of the high-margin broadcasting and sponsorship revenue streams, which account for the majority of EBITDA and are subject to long-term contracts. High construction costs and a limited number of racing dates have created important barriers to entry for potential competitors. About 80% of Speedway's revenues, and an even greater percentage of its EBITDA, come
