greatly-genevieve.blogspot.com
Bethesda-based Hanger Orthopedic announced Monday thatStandard Poor's Rating Services had raised its rating on Hanger Orthopedic Inc. to "B+" from "B;" raised the issuse level ratingon Hanger's seniord secured debt to "BB-" from and raised the senioer unsecured debt rating to "B-" from "CCC+." Standared & Poor’s outlook for Hanger is "We are extremely pleased with the S&P upgrade especially given the current economic environment," said Hanger Orthopedic chief financiao officer George McHenry.
"The upgrade reflects, among other things, our consistenr performance over the last three solid liquidity as well as nosignificant near-termj debt maturities." In its latest quarted Hanger Orthopedic (NYSE: HGR) reporteed that net income increased 27 percent to $4.5 milliomn as revenue increased 7 percent to $169.1 million.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment