S&P Global to Acquire Majority Stake in Agusto & Company Limited, Expanding Ratings' Presence in Africa's Debt Markets
Agusto & Co. will keep its own ratings and methodologies as the deal awaits regulatory approval and is set to close in the second half of 2026.
- On Tuesday, S&P Global announced it has agreed to acquire a majority stake in Agusto & Co., a leading Pan-African credit rating agency operating in Nigeria, Kenya, Rwanda, and Ghana.
- Agusto was founded in 1992 by the late Nigerian economist Olabode Agusto and has built a trusted credit rating institution across Africa over more than 30 years.
- Since inception, the agency has assigned over 4,000 ratings to financial institutions, corporates, and sovereigns across Africa while serving as an Approved Verifier for green bonds and projects.
- "Africa's opportunity is extraordinary," said Yann Le Pallec, President, S&P Global Ratings, citing the partnership's aim to strengthen domestic ratings presence and support regional transparency.
- Subject to customary regulatory approvals, the acquisition is expected to close in the second half of 2026, with Agusto continuing to operate as a separate ratings entity.
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S&P Global buys majority stake in Nigeria’s Agusto & Co
•Move to deepen Africa’s debt markets, boost credit transparency By Babajide Komolafe S&P Global has agreed to acquire a majority stake in Agusto & Company Limited, a leading Pan-African credit rating agency, in a move aimed at strengthening its presence in Africa’s domestic debt markets and enhancing credit transparency across the continent. The transaction, which is […] The post S&P Global buys majority stake in Nigeria’s Agusto & Co appeared…
Africa: S&P Global to Acquire Pan-African Rating Agency Agusto
S&P Global has agreed to acquire a majority stake in pan-African credit ratings agency Agusto & Co., expanding its presence in Africa's domestic credit markets through a partnership that combines global analytical expertise with regional market knowledge.
By taking control of the Nigerian agency Agusto&Co., S&P Global is entering the African domestic notation. An expansion strategy that takes place while the global agencies are under the fire of criticism from the governments of the continent.
PR Newswire
stocktitan.netS&P Global to Acquire Majority Stake in Agusto & Company Limited, Expanding Ratings' Presence in Africa's Debt Markets
/PRNewswire/ -- S&P Global announced today that it has agreed to acquire a majority stake in Agusto & Co., a leading Pan-African rating agency with operations...
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