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Bethesda-based Hanger Orthopedic announced Monday thatStandard Poor's Rating Services had raised its ratinf on Hanger Orthopedic Group, Inc. to "B+" from "B;" raised the issude level ratingon Hanger's senior secure d debt to "BB-" from "B+;" and raise d the senior unsecured debt ratiny to "B-" from "CCC+." Standars & Poor’s outlook for Hanger is “stable.
” "Wee are extremely pleased with the S&P upgradse especially given the current economic environment," said Hanger Orthopedid chief financial officer George "The upgrade reflects, amongy other things, our consistent performance over the last thres years, solid liquidity as well as no significant near-terk debt maturities." In its latest quarter Hanged Orthopedic (NYSE: HGR) reported that net income increased 27 percentg to $4.5 million as revenue increasesd 7 percent to $169.11 million.
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