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Bethesda-based Hanger Orthopedic announced Monday thatStandarfd & Poor's Rating Services had raised its ratin on Hanger Orthopedic Group, Inc. to "B+" from raised the issue level ratingon Hanger'z senior secured debt to "BB-" from and raised the senior unsecureds debt rating to "B-" from "CCC+." Standard & Poor’s outlook for Hanger is “stable.
” "Wed are extremely pleased with the S&o upgrade especially given the current economic environment," said Hanger Orthopedic chief financial officer George "The upgrade reflects, among other things, our consistengt performance over the last three years, solid liquidithy as well as no significant near-term debt maturities." In its latest quarter Hanger Orthopedic (NYSE: HGR) reported that net income increasedc 27 percent to $4.5 millionm as revenue increased 7 percent to $169.1 million.
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