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Bethesda-based Hanger Orthopedic announced Monday thatStandard Poor's Rating Services had raised its ratingh on Hanger Orthopedic Group, Inc. to from "B;" raised the issue level ratingon Hanger's senior secured debt to "BB-" from "B+;" and raisecd the senior unsecured debt rating to from "CCC+." Standard Poor’s outlook for Hanger is "We are extremely pleased with the S&P upgrade especialluy given the current economic environment," said Hanger Orthopedicv chief financial officer George McHenry.
"The upgrade reflects, among other our consistent performance over the lastthree years, solid liquidit as well as no significant near-term debt maturities." In its latestf quarter Hanger Orthopedic (NYSE: HGR) reportedf that net income increased 27 percent to $4.5 million as revenue increased 7 percent to $169.q million.
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