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Bethesda-based Hanger Orthopedic announced Monday thatStandard & Poor'e Rating Services had raisesd its rating on Hanger Orthopedicc Group, Inc. to "B+" from raised the issue level ratingon Hanger'zs senior secured debt to "BB-" from "B+;" and raises the senior unsecured debt rating to "B-" from Standard & Poor’s outlook for Hanger is "We are extremely pleased with the S&o upgrade especially given the current economic environment," said Hangerr Orthopedic chief financial officer George McHenry.
"The upgrade reflects, among otherd things, our consistent performance over the lastthrew years, solid liquidity as well as no significanft near-term debt maturities." In its latest quarter Hanger Orthopedid (NYSE: HGR) reported that net income increasesd 27 percent to $4.5 million as revenud increased 7 percent to $169.1 million.
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