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Speedway Motorsports, LLC: Update to Credit Analysis following upgrade...

Our credit view of this issuer reflects its strong market position, moderate leverage and conservative financial policy.

Moody's Ratings upgrades Speedway's Corporate Family Rating to Ba3 fro...

Moody's Ratings (Moody's) upgraded Speedway Motorsports, LLC's (Speedway) Corporate Family Rating (CFR)  to Ba3 from B1, its Probability of Default Rating (PDR) to Ba3-PD from B1-PD, and its senior unsecured notes to B1 from B2. The outlook was changed to positive from stable. The upgrade of Speed...

Speedway Motorsports, LLC: Update to Credit Analysis

Our credit view of this issuer reflects its predictable broadcast revenue, opportunity for a richer new broadcast and streaming contract.

Speedway Motorsports, LLC: Update to Credit Analysis

Speedway benefits from its strong position in NASCAR racing and relatively conservative financial policy, but will be challenged to maintain spectator interest in the sport.

Moody's says Speedway Motorsports' ratings are unchanged following acq...

Announcement: Moody's says Speedway Motorsports' ratings are unchanged following acquisition of Dover Motorsports. Global Credit Research- 19 Nov 2021. New York, November 19, 2021-- Moody's Investors Service said Speedway Motorsports, LLC's ratings are unchanged following the acquisition of Dover Motorsports Inc. for $132 million.

Moody's announces completion of a periodic review of ratings of Speedw...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Speedway Motorsports, LLC. Global Credit Research- 01 Sep 2021. New York, September 01, 2021-- Moody's Investors Service has completed a periodic review of the ratings of Speedway Motorsports, LLC and other ratings that are associated with the same analytical unit.

Speedway Motorsports, LLC: Update to Credit Analysis following change ...

Speedway faces reduced fan interest in NASCAR racing, but will benefit from easing of capacity and health restrictions as the pandemic subsides.

Moody's affirms Speedway Motorsports' CFR at B1; outlook changed to st...

Rating Action: Moody's affirms Speedway Motorsports' CFR at B1; outlook changed to stable. Global Credit Research- 08 Jul 2021. New York, July 08, 2021-- Moody's Investors Service affirmed Speedway Motorsports, LLC's B1 Corporate Family Rating and B2 rating on the senior unsecured notes.

Moody's announces completion of a periodic review of ratings of Speedw...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Speedway Motorsports, LLC. Global Credit Research- 12 Oct 2020. New York, October 12, 2020-- Moody's Investors Service has completed a periodic review of the ratings of Speedway Motorsports, LLC and other ratings that are associated with the same analytical unit.

Speedway Motorsports, LLC: Update to Credit Analysis following downgra...

Speedway Motorsports benefits from its position in the motor sports industry, but leverage will increase substantially in the near term as a result of the pandemic.

Moody's downgrades Speedway Motorsports' CFR to B1; outlook changed to...

Rating Action: Moody's downgrades Speedway Motorsports' CFR to B1; outlook changed to negative. Global Credit Research- 10 Jun 2020. New York, June 10, 2020-- Moody's Investors Service downgraded Speedway Motorsports, LLC's Corporate Family Rating to B1 from Ba3, Probability of Default Rating to B1-PD from Ba3-PD, and the senior unsecured notes rating to B2 from B1.

Speedway Motorsports, LLC: Update following changes to ratings under r...

Speedway Motorsports will be negatively impacted by the coronavirus outbreak's affect on the ability to hold live events which will lead to higher leverage and lower cash flow.

Moody's places Speedway Motorsports' ratings on review for downgrade

Rating Action: Moody's places Speedway Motorsports' ratings on review for downgrade. Global Credit Research- 16 Mar 2020. New York, March 16, 2020-- Moody's Investors Service has placed Speedway Motorsports, LLC's ratings on review for downgrade, including the Ba3 corporate family rating, Ba3-PD Probability of Default Rating, and B1 senior unsecured note due to the coronavirus outbreak's potential impact on the ability to hold NASCAR events, as well as the negative effects on...

Moody's announces completion of a periodic review of ratings of Speedw...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Speedway Motorsports, LLC. Global Credit Research- 15 Nov 2019. New York, November 15, 2019-- Moody's Investors Service has completed a periodic review of the ratings of Speedway Motorsports, LLC and other ratings that are associated with the same analytical unit.

Speedway Motorsports, LLC.: Covenant Quality Post-Sale Snapshot: $350m...

Speedway Motorsports, LLC and Speedway Funding II, Inc.’s covenant package provides weakest protection, reflecting a covenant quality score of 4.79.

Moody's assigns B1 rating to Speedway Motorsports' new senior unsecure...

Rating Action: Moody's assigns B1 rating to Speedway Motorsports' new senior unsecured notes. Global Credit Research- 15 Oct 2019. New York, October 15, 2019-- Moody's Investors Service has assigned a B1 rating to Speedway Motorsports, LLC's proposed $300 million Senior Unsecured notes due 2027. The Corporate Family Rating and Probability of Default Rating are unchanged at Ba3 and Ba3-PD, respectively.

Speedway Motorsports, LLC: Update to Credit Analysis following downgra...

Speedway Motorsports benefits from its position in the motor sports industry, but faces challenges from declines in fan interest.

Moody's downgrades Speedway Motorsports' CFR to Ba3 following merger; ...

Rating Action: Moody's downgrades Speedway Motorsports' CFR to Ba3 following merger; outlook stable. Global Credit Research- 24 Sep 2019. New York, September 24, 2019-- Moody's Investors Service has downgraded Speedway Motorsports, LLC's Corporate Family Rating to Ba3 from Ba1, the probability of default rating to Ba3-PD from Ba1-PD, and the senior notes to B1 from Ba2.

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