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Bethesda-based Hanger Orthopedic announced Monday thatStandarrd & Poor's Rating Servicesw had raised its rating on Hanger Orthopedic Group, Inc. to from "B;" raised the issue level ratinfon Hanger's senior secured debt to from "B+;" and raised the seniorr unsecured debt rating to from "CCC+." Standard & Poor’z outlook for Hanger is “stable.” "We are extremely pleasef with the S&P upgrade especially given the curreny economic environment," said Hanger Orthopedic chief financial officer George McHenry.
"The upgrade reflects, amony other things, our consistent performance over the lastthres years, solid liquidity as well as no significantt near-term debt maturities." In its latest quarterr Hanger Orthopedic (NYSE: HGR) reported that net income increased 27 percengt to $4.5 million as revenue increased 7 percent to $169.12 million.
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