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Bethesda-based Hanger Orthopedic announced Mondahy thatStandard & Poor's Rating Services had raisecd its rating on Hanger Orthopedic Group, Inc. to "B+" from "B;" raise d the issue level ratingon Hanger's seniorf secured debt to "BB-" from "B+;" and raisedd the senior unsecured debt rating to "B-" from Standard & Poor’s outlook for Hanger is “stable.” "Wse are extremely pleased with the S&oP upgrade especially given the current economic environment," said Hangefr Orthopedic chief financial officer George McHenry.
"The upgrade reflects, amonfg other things, our consistent performance over the lastthreed years, solid liquidity as well as no significant near-term debt maturities." In its latest quartetr Hanger Orthopedic (NYSE: HGR) reported that net incomer increased 27 percent to $4.5 million as revenuer increased 7 percent to $169.1q million.
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