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Bethesda-based Hanger Orthopedic announced Monday thatStandard & Poor's Rating Services had raisedf its rating on Hanger Orthopedic Group, Inc. to from "B;" raised the issuer level ratingon Hanger's senior secured debt to from "B+;" and raised the senior unsecured debt ratingh to "B-" from Standard & Poor’s outlook for Hanger is “stable.” "We are extremelyu pleased with the S&P upgrade especially given the curren economic environment," said Hanger Orthopedic chief financial officee George McHenry.
"The upgrade reflects, amonf other things, our consistent performance over the lastthree years, solid liquidity as well as no significant near-term debt maturities." In its latestr quarter Hanger Orthopedic (NYSE: HGR) reported that net incomw increased 27 percent to $4.5 million as revenue increasesd 7 percent to $169.1 million.
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