S&P Global to Acquire Majority Stake in Agusto & Co.

S&P Global has announced its agreement to acquire a majority stake in Agusto & Co., a prominent credit rating agency in Africa, to bolster its presence in the continent's domestic credit ratings market. The deal, announced in a joint statement on Tuesday, is pending regulatory approvals.

S&P Global will collaborate with Agusto & Co., which operates in Nigeria, Kenya, Rwanda, and Ghana. Although financial terms were not disclosed, the partnership is expected to enhance Africa's credit markets by merging S&P Global's international expertise with Agusto's local knowledge.

Yann Le Pallec, President of S&P Global Ratings, stated that the acquisition signifies the company's commitment to Africa's capital markets. Yinka Adelekan, Managing Director of Agusto & Co., described the deal as a transformational milestone for the company and Africa's capital markets.

Agusto & Co. will maintain its independence in issuing credit ratings and methodologies. The transaction is anticipated to close in the second half of 2026 and is not expected to materially impact the financial performance of either company.