NEW YORK (Standard&Poor's) Oct. 17, 2008--Standard&Poor's Ratings Services said today that its rating on Capital One Financial Corp. (BBB+/Stable/--) is not affected by the company's announcement that third-quarter income from continuing operations declined to $386 million from $462 million in the previous quarter and $816 in the year-ago period. A slight increase in net interest income to $1.8 billion in the third quarter from $1.7 billion in the prior period was offset by a sharp $265 million increase in provisions to $1.1 billion. Credit quality deteriorated moderately and remained within acceptable levels. Managed net charge-offs increased sequentially by only 15 basis points (bps) to 4.30%, due to more charge-offs in the auto finance business. The company's
