Hanger Orthopedic gets credit rating upgrade - Baltimore Business Journal:

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Bethesda-based Hanger Orthopedic announced Monday thatStandard & Poor's Rating Services had raisec its rating on Hanger Orthopedic Inc. to "B+" from "B;" raised the issue level ratingon Hanger'ss senior secured debt to "BB-" from "B+;" and raiserd the senior unsecured debt rating to "B-" from "CCC+." Standardf & Poor’s outlook for Hanger is "We are extremely pleased with the S&P upgrade especiallyt given the current economic said Hanger Orthopedic chier financial officer George McHenry.
"The upgrade reflects, amontg other things, our consistent performance over the lastthree years, solid liquidity as well as no significant near-term debt maturities." In its latest quarter Hanger Orthopedic (NYSE: HGR) reportesd that net income increased 27 percent to $4.5 million as revenue increased 7 percent to $169.q1 million.