Iron Mountain Incorporated: Update to credit analysis
Moody's ratings on IRM reflect its solid leverage and coverage metrics as well as its growing footprint and scale, offset by long-term risks from mature demand for its storage services.Iron Mountain is a holding company. Through its subsidiaries, the company stores physical records and data backup media, providing information management solutions, and providing data center space for colocation and hyperscale deployments. The company's segments are: Global Records and Information Management Business, which provides records management, data management, information governance and digital solutions, secure shredding, and consumer storage; Global Data Center Business, which provides data center facilities; and Corporate and Other Business, which provides entertainment and media that helps industry clients store, safeguard and deliver physical media of various types.
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