The ratings on Iron Mountain Inc. reflect the company's leading position as the world's largest records management company, strong revenue growth resulting from existing customers, the outsourcing of new customers' in-house storage operations, and acquisitions, and a degree of financial flexibility within the rating to accommodate moderate capital spending and acquisition activity. As an international, full service provider of records and information management services, Iron Mountain provides services to more than 120,000 customer accounts, including more than half of the Fortune 500, in 77 markets in the U.S. and 37 markets outside of the U.S. The company is the result of the February 2000, $1.2 billion all-stock merger between Iron Mountain and its closest competitor, Pierce Leahy Corp. The resulting
