S&P Global has agreed to acquire a majority stake in Agusto & Co., one of Africa’s leading indigenous credit rating agencies, in a move that deepens the US financial information company’s presence in the continent’s domestic debt markets at a time when demand for local credit assessments is growing.
The transaction will see Agusto continue operating as an independent ratings agency, maintaining its own methodologies and credit opinions while benefiting from S&P Global’s international expertise and resources.
Financial terms of the deal were not disclosed, and completion is expected in the second half of 2026, subject to regulatory approvals.
Agusto & Co. operates across Nigeria, Kenya, Rwanda and Ghana and has built a reputation over more than three decades as one of Africa’s leading providers of domestic credit ratings, industry research and market intelligence.
Since its establishment, the agency has assigned more than 3,000 ratings across banks, corporates, investment firms, insurance companies, funds and sovereign-related entities.
