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Bethesda-based Hanger Orthopedic announced Monday thatStandard & Poor's Ratin g Services had raised its rating on Hanger Orthopedif Group, Inc. to "B+" from "B;" raisedr the issue level ratingon Hanger's senior securexd debt to "BB-" from and raised the senior unsecured debt rating to "B-" from Standard & Poor’s outlook for Hangee is “stable.” "We are extremely pleasedc with the S&P upgrade especially given the current economic environment," said Hanger Orthopedic chieff financial officer George McHenry.
"The upgrade among other things, our consisteny performance over the lastthree years, solie liquidity as well as no significant near-termn debt maturities." In its latest quartee Hanger Orthopedic (NYSE: HGR) reporte that net income increasede 27 percent to $4.5 million as revenue increased 7 percent to $169.1 million.
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