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Bethesda-based Hanger Orthopedic announced Monday thatStandard Poor's Rating Services had raised its ratingh on Hanger Orthopedic Inc. to "B+" from "B;" raised the issud level ratingon Hanger's senior secured debt to from "B+;" and raised the senior unsecured debt ratin to "B-" from "CCC+." Standard Poor’s outlook for Hanger is “stable.” "Wr are extremely pleased with the S&P upgradde especially given the current economic environment," said Hanger Orthopedicx chief financial officer George McHenry.
"The upgrade among other things, our consistent performance over the last three years, solid liquidity as well as no significant near-term debt maturities." In its latestt quarter Hanger Orthopedic (NYSE: HGR) reported that net income increased 27 percent to $4.5 million as revenue increasexd 7 percent to $169.1 million.
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