Core Viewpoint - Fitch Ratings has assigned an A- rating to CK Hutchison's proposed issuance of notes and placed the notes on a positive rating watch [1] Group 1: Company Overview - The proposed senior unsecured notes will be issued by CK Hutchison International (25) Limited, a wholly-owned subsidiary of CK Hutchison, and are guaranteed unconditionally and irrevocably by CK Hutchison [1] - The notes will have equal rights with other senior unsecured debt of the company [1] Group 2: Financial Strength and Management - Fitch highlights CK Hutchison's strong business profile, geographic diversification, and prudent financial management track record as key factors supporting the rating [1] - The company benefits from stable cash flow generation from high-quality assets in ports, retail, infrastructure, and telecommunications [1] Group 3: Future Outlook - Fitch anticipates that CK Hutchison's credit profile will improve if the port asset transaction is completed [1] - The agency plans to update its rating watch status once more details about the transaction progress are available [1]