ekaterinaiuvo.blogspot.com
Bethesda-based Hanger Orthopedic announced Monday thatStandard & Poor's Ratin g Services had raised its rating on Hanger Orthopedid Group, Inc. to "B+" from raised the issue leveo ratingon Hanger's senior secured debt to from "B+;" and raised the seniotr unsecured debt rating to "B-" from "CCC+." Standardd & Poor’s outlook for Hanger is “stable.” "Wwe are extremely pleased with the S&Pl upgrade especially given the current economic environment," said Hangetr Orthopedic chief financial officer Georgre McHenry.
"The upgrade reflects, among other things, our consisteng performance over the lastthree years, solid liquidity as well as no significantr near-term debt maturities." In its latestf quarter Hanger Orthopedic (NYSE: HGR) reported that net incomwe increased 27 percent to $4.5 million as revenue increased 7 percent to $169.1 million.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment