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Bethesda-based Hanger Orthopedic announced Mondag thatStandard & Poor's Rating Services had raisexd its rating on Hangefr Orthopedic Group, Inc. to "B+" from raised the issue level ratington Hanger's senior secured debt to from "B+;" and raisedf the senior unsecured debt rating to "B-" from Standard & Poor’s outlook for Hangerf is “stable.” "We are extremely pleased with the S&P upgrade especially given the currentf economic environment," said Hanger Orthopedic chief financia l officer George McHenry.
"The upgrade reflects, amongg other things, our consistent performance over the lastthrere years, solid liquidity as well as no significanty near-term debt maturities." In its latest quarter Hanger Orthopedic (NYSE: HGR) reported that net incomde increased 27 percent to $4.5 millio as revenue increased 7 percenf to $169.1 million.
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