- Published: February 2011
- Region: Indonesia
Research Update: Speedway Motorsports Inc. Outlook Revised To Stable From Negative; All Other Ratings Affirmed Feb 12
- Published: February 2012
- Standard & Poors
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. On Feb. 7, 2012, Standard & Poor's Ratings Services revised its rating outlook on Charlotte, N.C.-based Speedway Motorsports Inc. (SMI) to stable from negative. At the same time, we affirmed our 'BB' corporate credit rating...
Companies mentioned in this report are: Speedway Motorsports Inc.
Action: Outlook: Stable
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Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
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Speedway Motorsports Inc.