Iron Mountain Inc. Outlook Revised To Positive From Stable On Proposed Merger; 'B+' Corporate Credit Rating Affirmed

U.S.-based storage and information management company Iron Mountain Inc. announced its proposed acquisition of Recall Holdings Ltd. We believe the merger will improve Iron Mountain's size and scale, which should result in improved operating performance. We are affirming our 'B+' corporate credit rating on the company. We are revising our outlook on the company to positive from stable. The positive outlook reflects our view that the acquisition of Recall could lead to a re-assessment of the company's business risk profile due to the increased size, scale, and geographic diversification of the combined company, as well as the potential for the acquisition to reduce leverage to the low-5x area. CHICAGO (Standard&Poor's) April 29, 2015--Standard&Poor's Ratings Services today

...+ U.S.-based storage and information management company Iron Mountain Inc. announced its proposed acquisition of Recall Holdings Ltd. + We believe the merger will improve Iron Mountain's size and scale, which should result in improved operating performance. + We are affirming our 'B+' corporate credit rating on the company. + We are revising our outlook on the company to positive from stable. + The positive outlook reflects our view that the acquisition of Recall could lead to a re-assessment of the company's business risk profile due to the increased size, scale, and geographic diversification of the combined company, as well as the potential for the acquisition to reduce leverage to the low-5x area. CHICAGO (Standard & Poor's) April 29, 2015--Standard & Poor's Ratings Services today said it affirmed the 'B+' corporate credit rating on Boston-based Iron Mountain Inc. and revised the outlook on the company to positive from stable. "The positive rating outlook reflects our view that the...

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