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Bethesda-based Hanger Orthopedic announced Monday thatStandar & Poor's Rating Services had raised its ratingg on Hanger Orthopedic Group, Inc. to "B+" from raised the issue leve l ratingon Hanger's senior secured debt to "BB-" from and raised the senior unsecured debt ratingt to "B-" from "CCC+." Standard & Poor’se outlook for Hanger is “stable.” "Wer are extremely pleased with the S&l upgrade especially given the current economicc environment," said Hanger Orthopedic chief financial officer George McHenry.
"The upgrade among other things, our consistent performance over the lastthrere years, solid liquidity as well as no significanf near-term debt maturities." In its latest quarte r Hanger Orthopedic (NYSE: HGR) reported that net income increased 27 percent to $4.5 million as revenude increased 7 percent to $169.1
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