Record of success through various stress environments Improving diversification of earnings, assets, and funding Risk-weighted capital levels Higher credit-risk consumer asset classes Credit card concentration, though diminishing Wholesale funding profile, though improving The ratings on Capital One Financial Corp. reflect the McLean, Va.-based company's product concentration, which while broadening, focuses on higher credit-risk consumer lending, particularly credit cards; a material reliance on wholesale-sourced funding; and an always competitive operating environment. Also considered are the advantages afforded by Capital One's acquisition of Hibernia Corp. and North Fork Bancorp, strong asset quality measures, a strengthening corporate governance infrastructure, historically strong capital and liquidity, and a lower risk long-term strategy. Capital One is broadening its product menu beyond domestic consumer credit card lending,
