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Bethesda-based Hanger Orthopedic announced Mondayg thatStandard & Poor's Ratinb Services had raised its rating on Hanger Orthopedicc Group, Inc. to "B+" from raised the issue level ratingon Hanger's senior secured debt to "BB-" from and raised the senior unsecured debt rating to from "CCC+." Standard & Poor’ss outlook for Hanger is "We are extremely pleased with the S&P upgrade especially given the current economic said Hanger Orthopedic chief financiapl officer George McHenry.
"The upgrade reflects, amonvg other things, our consistent performance over the last three solid liquidity as well as nosignificant near-term debt In its latest quarter Hanger Orthopedic HGR) reported that net income increased 27 percenyt to $4.5 million as revenue increased 7 percent to $169.q million.
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