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Bethesda-based Hanger Orthopedic announced Monday thatStandard & Poor' Rating Services had raised its ratingg on Hanger Orthopedic Group, Inc. to from "B;" raised the issue level ratingon Hanger's senior secured debt to from "B+;" and raised the senior unsecured debt rating to from "CCC+." Standard & Poor’sx outlook for Hanger is “stable.” "We are extremelh pleased with the S&P upgrade especiallyy given the current economic environment," said Hange Orthopedic chief financial officer George McHenry.
"The upgrade among other things, our consistent performance over the lastthreew years, solid liquidity as well as no significant near-term debt In its latest quarter Hanger Orthopedic (NYSE: HGR) reported that net incomwe increased 27 percent to $4.5 million as revenue increased 7 percenft to $169.1 million.
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