The rating agency Fitch confirmed that the issuer default rating (IDR) and senior unsecured rating of CK Infrastructure (01038.HK) are rated 'A-', with a stable outlook, reflecting the company's strong operational and financial resilience supported by a prudent strategy and robust execution.

Fitch noted that next year, CKI will face a reset of regulatory terms for electrical utilities (water affairs in the united kingdom and electrical utilities in Australia and New Zealand), which is expected to bring more challenges to its united kingdom water affairs business. However, overall, it is anticipated that the reset will not be as strict as in the past, and the company is expected to continue generating stable cash flow in the coming years.

Fitch mentioned that CKI completed three acquisitions this year, believing that these trades align with the company's investment strategy of generating stable cash businesses, with total related cash expenditure expected to be approximately 2.1 billion yuan this year, which will increase net debt but can be offset starting next year through improved returns.