NEW YORK (Standard&Poor's) June 1, 2004--Standard&Poor's Ratings Services said today that it revised its outlook on Capital One Financial Corp. and its subsidiaries to positive from stable. At the same time, all ratings, including the 'BB+' long-term counterparty credit rating on Capital One Financial Corp., are affirmed. "The outlook revision is in recognition of Capital One's successful navigation through the challenging economic environment of the past several years, continued strong operating performance, progress to-date in implementing its diversification strategy, and the corporate commitment to diversifying further its earning assets and its funding profile," said Standard&Poor's credit analyst John K. Bartko, C.P.A. Although the most recent recession has not been as severe as others, it
