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Research Update: Capital One Financial Corp. And Capital One Bank (USA) N.A. Ratings Affirmed; Outlook Is Negative Dec 11 Product Image

Research Update: Capital One Financial Corp. And Capital One Bank (USA) N.A. Ratings Affirmed; Outlook Is Negative Dec 11

  • Published: December 2011
  • Region: United States
  • Standard & Poors

FEATURED COMPANIES

  • Capital One Capital II
  • Capital One Capital V
  • Capital One Capital VI
  • Capital One N.A.
  • MORE

Abstract
Following a review of Capital One Financial (Capital One) and Capital One Bank (USA) N.A. (Capital One Bank) under Standard & Poor's revised bank criteria (published on Nov. 9, 2011), we are affirming our 'BBB' long-term issuer credit rating on Capital One and 'BBB+/A-2' long- and short-term issuer credit ratings on Capital One Bank, Capital One's operating subsidiary. Our ratings on Capital One and Capital One Bank reflect the companies' adequate business position, adequate capital and earnings, adequate risk position, and average funding and adequate liquidity compared with those of peers (as our criteria define these terms). The outlook is negative. The acquisitions of ING Direct and HSBC's U.S. credit card portfolio could result in higher loan losses given the...

Companies mentioned in this report are:
- Capital One Financial Corp.
- Capital One Bank (U.S.) N.A.
- Capital One N.A.
- Capital One Capital II
- Capital One Capital V
- Capital One Capital VI

Action: Affirmed
Action: Outlook: Negative

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, READ MORE >

- Capital One Financial Corp.
- Capital One Bank (U.S.) N.A.
- Capital One N.A.
- Capital One Capital II
- Capital One Capital V
- Capital One Capital VI

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