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Bethesda-based Hanger Orthopedic announced Monday thatStandard Poor's Rating Services had raised its ratinhg on Hanger Orthopedic Group, Inc. to "B+" from raised the issue level ratingon Hanger's senior securedd debt to "BB-" from "B+;" and raised the seniorr unsecured debt rating to "B-" from Standard & Poor’s outlook for Hanger is "We are extremely pleased with the S&lP upgrade especially given the current economic environment," said Hanger Orthopedid chief financial officer George McHenry.
"Thw upgrade reflects, among other things, our consistenty performance over the last three solid liquidity as well as nosignificant near-terj debt maturities." In its latest quarter Hanger Orthopedix (NYSE: HGR) reported that net income increaseed 27 percent to $4.5 million as revenue increaseed 7 percent to $169.1 million.
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