NEW YORK (Standard&Poor's) March 3, 2010--Standard&Poor's Ratings Services said today that its 'BB-' rating and stable rating outlook on Boston-based Iron Mountain Inc. are not currently affected by the company's recently announced share repurchase program, its dividend initiation, and a recent acquisition. Iron Mountain's board of directors approved a $150 million share repurchase program and also a dividend of $0.25 per share annual rate. The dividend amounts to approximately $50 million annually, or 6% of 2009 EBITDA. Also, on Feb. 22, 2010, the company announced that it acquired archiving company Mimosa Systems Inc. for $112 million in cash. We believe that Iron Mountain has sufficient liquidity and generates adequate discretionary cash flow to fund the dividend,
