Iron Mountain (IRM) Tops Q1 EPS by 3c
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S&P Upgrades Iron Mountain (IRM) to 'BB-'; Outlook Remains Stable
May 2, 2016 3:59 PM EDTS&P Global Ratings said that it raised its corporate credit rating on Iron Mountain Inc. (NYSE: IRM) to 'BB-' from 'B+'. The rating outlook is stable.
At the same time, we raised our issue-level ratings on the company and its subsidiaries' debt by one-notch, in line with the corporate credit rating. The recovery ratings remain unchanged.
"The upgrade reflects our expectation that Iron Mountain's acquisition of Recall Holdings Ltd. (unrated) will improve the company's scale and geographic diversification," said S&P Global Ratings credit analyst Jawad Hussain. "The acquisition... More
