NEW YORK (Standard&Poor's) Nov. 12, 2007--Standard&Poor's Ratings Services today said it revised its rating outlook on records management and storage service provider Iron Mountain Inc. to negative from stable. "The outlook revision is based on the company's high debt leverage with no imminent prospect of decline, and its contemplation of returning capital to shareholders," explained Standard&Poor's credit analyst Andy Liu. We also affirmed the 'BB-' corporate credit rating on Iron Mountain. At the same time, we affirmed the bank loan and recovery ratings on Iron Mountain's senior secured financing. The company has added $110 million to its $300 million senior secured term loan due 2014 and $190 million to its $600 million senior secured
