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Bethesda-based Hanger Orthopedic announced Monday thatStandarr & Poor's Rating Services had raised its ratinhg on Hanger Orthopedic Group, Inc. to "B+" from "B;" raised the issue level ratingon Hanger'sa senior secured debt to "BB-" from "B+;" and raisede the senior unsecured debt rating to from "CCC+." Standard & Poor’s outlook for Hangere is “stable.” "We are extremely pleased with the S&lP upgrade especially given the current economic environment," said Hangetr Orthopedic chief financial officer George McHenry.
"Ther upgrade reflects, among other our consistent performance over the last three solid liquidity as well as nosignifican near-term debt maturities." In its latest quarter Hangert Orthopedic (NYSE: HGR) reported that net income increased 27 percent to $4.5 milliobn as revenue increased 7 percent to $169.2 million.
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