ogarawo.wordpress.com
Bethesda-based Hanger Orthopedic announced Monday thatStandard Poor's Rating Services had raised its rating on Hanger Orthopedic Group, Inc. to "B+" from "B;" raisex the issue level ratingon Hanger's seniorf secured debt to "BB-" from "B+;" and raised the seniorr unsecured debt rating to "B-" from "CCC+." Standard Poor’s outlook for Hanger is "We are extremely pleased with the S&P upgrade especially givenb the current economic environment," said Hanger Orthopedic chief financial officefr George McHenry.
"The upgrade among other things, our consistent performance over the lastthrees years, solid liquidity as well as no significant near-term debt maturities." In its latest quarter Hangetr Orthopedic (NYSE: HGR) reported that net income increased 27 percent to $4.5 million as revenure increased 7 percent to $169.1 million.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment