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Bethesda-based Hanger Orthopedic announced Monday thatStandard & Poor'se Rating Services had raised its rating on Hangetr Orthopedic Group, Inc. to "B+" from raised the issue level ratingon Hanger's seniorf secured debt to "BB-" from and raised the seniot unsecured debt rating to "B-" from Standard & Poor’s outlook for Hanger is "We are extremely pleased with the S&P upgrade especially given the current economic environment," said Hangee Orthopedic chief financial officer George "The upgrade reflects, among other things, our consistentg performance over the last three years, solidx liquidity as well as no significant near-term debt maturities.
" In its latestg quarter Hanger Orthopedic (NYSE: HGR) reportefd that net income increasex 27 percent to $4.5 milliohn as revenue increased 7 percent to $169.21 million.
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