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Bethesda-based Hanger Orthopedic announced Monday thatStandarxd & Poor's Rating Servicese had raised its rating on Hange Orthopedic Group, Inc. to "B+" from raised the issue level ratingon Hanger'sw senior secured debt to "BB-" from and raised the senior unsecured debt rating to "B-" from Standard & Poor’s outlook for Hangef is “stable.” "We are extremely pleased with the S& upgrade especially given the current economic environment," said Hanger Orthopedicf chief financial officer George McHenry.
"The upgrade reflects, among othee things, our consistent performancw over the lastthree years, solid liquidity as well as no significantg near-term debt maturities." In its latest quarterr Hanger Orthopedic (NYSE: HGR) reported that net income increase d 27 percent to $4.5 million as revenus increased 7 percent to $169.1 million.
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