DBRS: Capital One unchanged

DBRS said it confirmed the ratings for Capital One Financial Corp., including its issuer and senior debt rating of BBB (high), and its principal subsidiaries, including Capital One Bank.

The trend remains stable.

The confirmation follows the company's announcement that it has agreed to purchase HSBC's U.S. card and retail services business for about $32.7 billion, the agency said.

In confirming the ratings, DBRS recognizes the acquisition of HSBC's U.S. card business as offering Capital One an important opportunity to further strengthen its well-established franchise, the agency added.

Earnings are expected to benefit from this acquisition with Capital One anticipating this transaction to be accretive to earnings in 2013, the agency noted.

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