...+ Iron Mountain Canada Operations ULC (a subsidiary of Iron Mountain Inc.) plans to issue C$250 million senior unsecured notes due 2023 and use the proceeds to pay down revolver balances and for general corporate purposes. + We are affirming our '##-' corporate credit rating on Iron Mountain Inc. + We are also assigning our '##-' issue-level rating and '3' recovery rating to Iron Mountain Canada's proposed C$250 million senior unsecured notes due 2023. + In addition, we are revising our recovery rating on the company's C$200 million senior unsecured notes due 2021 to '3' from '2' and subsequently lowering the issue-level rating to '##-' from '##'. + The stable rating outlook on Iron Mountain reflects our expectation that the company will be able to leverage its increased size, scale, and geographic diversification to generate low- to mid-single-digit organic revenue growth while improving its operating margins. We also expect lease-adjusted leverage to moderate to the low-5x area by 2017...
