NEW YORK (Standard&Poor's) Jan. 10, 2008--Standard&Poor's Ratings Services said today that its rating on Capital One Financial Corp. (BBB+/Stable/--) will not be affected by Capital One's announcement that it will record several charges in the fourth quarter related to higher provisioning and legal expenses. Capital One will record a $1.9 billion provision in the fourth quarter reflecting weakness in the U.S. credit card business, other consumer lending businesses, and continued deterioration in its held-for-investment portfolio ($700 million) of home equity lines of credit originated by GreenPoint Mortgage. Included in the $1.9 billion provision is an allowance build of $650 million. Additionally, Capital One will record about $140 million in total legal charges associated with the Visa
