NEW YORK (Standard&Poor's CreditWire) March 3, 2000--Standard&Poor's today raised its corporate credit rating for Iron Mountain Inc. to double-'B'-minus from single-'B'-plus. The subordinated debt rating for the company was raised to single-'B' from single-'B'-minus. At the same time, Standard&Poor's assigned a double-'B' bank loan rating to Iron Mountain's $400 million revolving credit facility. Additionally, Standard&Poor's withdrew its corporate credit and bank loan ratings for Pierce Leahy Corp. The rating on Pierce Leahy's subordinated debt was raised to single-'B' from single-'B'-minus. The rating on Pierce Leahy Command Co.'s senior unsecured debt also was raised to single-'B' from single-'B'-minus. All ratings are removed from CreditWatch, where they were placed on Nov. 1, 1999 with
