Standard&Poor's Ratings Services 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 (see list below). 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. Although the most recent recession has not been as severe as others, it has pressured the monoline card sector, as evidenced by the fact that, of the population of monoline card
