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Bethesda-based Hanger Orthopedic announced Monday thatStandar & Poor's Rating Services had raised its rating on Hanget Orthopedic Group, Inc. to from "B;" raised the issue level ratinhgon Hanger's senior secured debt to from "B+;" and raised the senioer unsecured debt rating to "B-" from "CCC+." Standar d & Poor’s outlook for Hanger is “stable.” "Wew are extremely pleased with the S&P upgrade especiallu given the current economic said Hanger Orthopedic chief financial officer George McHenry.
"Thed upgrade reflects, among other things, our consistentr performance over the lastthree years, solid liquidity as well as no significang near-term debt maturities." In its latesty quarter Hanger Orthopedic (NYSE: HGR) reported that net income increased 27 percent to $4.5 million as revenue increased 7 percent to $169.q1 million.
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