Sell 12/1/2023Downgrade
NaaS Technology Inc. (NAAS) was downgraded to E+ from D- on 12/1/2023 due to a decline in the total return index and volatility index.

Sell 11/15/2023Upgraded
NaaS Technology Inc. (NAAS) was upgraded to D- from E+ on 11/15/2023 due to an increase in the volatility index and valuation index.

Sell 10/30/2023Downgrade
NaaS Technology Inc. (NAAS) was downgraded to E+ from D- on 10/30/2023 due to a large decline in the solvency index, volatility index and valuation index. Debt to equity increased from 2.06 to 7.4, and the quick ratio declined from 2.08 to 0.84.

Sell 10/18/2023Upgraded
NaaS Technology Inc. (NAAS) was upgraded to D- from E+ on 10/18/2023 due to an increase in the volatility index and total return index.

Sell 10/2/2023Downgrade
NaaS Technology Inc. (NAAS) was downgraded to E+ from D- on 10/2/2023 due to a noticeable decline in the growth index, volatility index and solvency index. Earnings per share declined from -$0.731 to -$2.162, EBIT declined 192.2% from -$16.6M to -$48.52M, and debt to equity increased from 1.88 to 2.06.

Sell 5/8/2023None
NaaS Technology Inc. (NAAS) was downgraded to D- from U on 05/08/2023.