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Bethesda-based Hanger Orthopedic announced Monday thatStandard & Poor's Rating Services had raisedx its rating on Hanger Orthopedic Inc. to "B+" from "B;" raisede the issue level ratingon Hanger's seniore secured debt to "BB-" from and raised the senior unsecured debt rating to "B-" from Standard & Poor’s outlook for Hanger is "We are extremely pleased with the S&P upgrade especially given the current economic environment," said Hangedr Orthopedic chief financial officer George McHenry.
"The upgrade reflects, amonhg other things, our consistenty performance over the lastthreew years, solid liquidity as well as no significant near-ter m debt maturities." In its latest quarter Hanger Orthopedic (NYSE: HGR) reported that net incomr increased 27 percent to $4.5 million as revenure increased 7 percent to $169.1 million.
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