Moody's ups Iron Mountain

Moody's Investors Service said it upgraded the corporate family rating Iron Mountain Inc. to B1 from B2.

Other ratings on outstanding debt instruments were also upgraded, the agency said.

The outlook is stable.

The corporate family rating of B1 is supported by the company's prominent position as a global leader in information storage and data protection, including its strategic expansion in the digital market in recent years, as well as Moody's expectation of reduced emphasis on acquisitions relative to the company's current size going forward.

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