S&P Global Acquires Majority Stake in Agusto & Co.

S&P Global has announced its agreement to acquire a majority stake in Agusto & Company Limited, a Nigerian-based credit rating agency, as part of a strategic effort to strengthen its presence in Africa’s domestic debt markets. The announcement was made on Tuesday, highlighting the combination of S&P Global Ratings’ international expertise with Agusto & Co.’s over 30 years of experience in African credit markets.

This partnership is expected to enhance credit transparency, expand market intelligence, and foster the development of local capital markets across Africa. Agusto & Co. operates in Nigeria, Kenya, Rwanda, and Ghana, providing credit ratings for various financial entities.

S&P Global Ratings President, Yann Le Pallec, stated that the acquisition demonstrates the company's commitment to Africa's growing debt markets. Agusto & Co.

Managing Director, Yinka Adelekan, referred to the transaction as a transformational milestone for the company and Africa's capital markets. The acquisition is subject to regulatory approvals and is expected to be finalized in the second half of 2026.