DBRS confirmed its long-term issuer rating of A (low) and short-term issuer rating of R-1 (low) on Capital One Financial Corp.
The company's support assessment is SA3.
The rating agency also confirmed its long-term issuer rating of A and short-term issuer rating of R-1 (low) on Capital One's banking subsidiaries, Capital One Bank (USA) NA and Capital One NA. The support assessment for the banks remains SA1.
The trend for all ratings is stable.
DBRS cited the strength of Capital One's franchise, its business model, which includes a large national credit card lending platform and significant regional banking operation, among others, as reasons for the ratings actions. The rating agency also considered Capital One's solid financial results, sound balance sheet, risk management and expense management strategies and earnings generation that provides significant capacity to absorb credit losses as factors for the rating decision.
Constraining the rating is the company's consumer-heavy loan portfolio and the sale of its residential mortgage portfolio, which further concentrates the loan portfolio in unsecured lending, the rating agency said.
