Fitch Ratings has given an A- rating on CK Hutchison Holdings' (HKG:0001) proposed notes, while also placing them on Rating Watch Positive, according to a Tuesday release.

The conglomerate will guarantee the proposed senior unsecured notes, which will be issued by wholly owned subsidiary CK Hutchison International.

The company's ratings consider its solid business profile, geographical diversification, a sustained history of controlled financial management, and steady cash flow generation from diversified businesses, Fitch said.

The Positive Watch stems from Fitch's view that the company's credit profile will rise under the conclusion of the sale of its port assets, which may continue for more than six months.

Fitch expects the sale to have a neutral effect on the company's business profile.