DBRS on April 1 confirmed the ratings of McLean, Va.-basedCapital One FinancialCorp. and its principal subsidiaries, including the company'sissuer and senior debt rating of A (low).
For Capital One Financial, the rating agency also confirmedthe short-term instruments rating of R-1 (low) and subordinated debt rating ofBBB (high).
For CapitalOne NA, the rating agency confirmed the deposit and senior debt ofA and short-term instruments rating of R-1 (low).
For CapitalOne Bank (USA) NA, DBRS confirmed the deposit and senior debtrating of A, short-term instruments rating of R-1 (low), and subordinated debtrating of A (low).
The trend for all ratings is stable.
According to DBRS, the company has a strong franchise anddistinct business model, with a credit card lending platform that is rankedfourth in the U.S. This is complemented by the company's significant regionalbanking operation and the size of its direct banking arm, which is the largestin the U.S. In addition, Capital One has continued to show good financialresults, solid capabilities in risk management and a sound balance sheet.