S&P Global has agreed to acquire a majority stake in Nigerian‑based credit rating agency Agusto & Company Limited, indicating a major push by the global ratings firm to strengthen its presence in Africa’s domestic debt markets.
The deal, announced on Tuesday, brings together S&P Global Ratings’ international analytical expertise with Agusto & Co.’s more than three decades of experience in African credit markets. The partnership is expected to improve credit transparency, expand market intelligence and support the development of local capital markets across the continent.
Agusto & Co. operates in Nigeria, Kenya, Rwanda and Ghana, providing credit ratings for banks, corporates, insurance companies, investment firms, sovereigns and debt instruments. The company has assigned more than 4,000 ratings since its establishment and has built a reputation as one of Africa’s leading domestic rating agencies.
President of S&P Global Ratings, Yann Le Pallec, said the acquisition reflects the company’s long‑term commitment to Africa and its growing debt markets.
According to him, combining S&P Global’s global ratings expertise with Agusto & Co.’s deep understanding of African markets will strengthen domestic credit ratings, promote greater transparency and boost investor confidence across the region. Related News Nigeria’s net foreign liabilities climb to $90.2bn AVA Capital set for NGX Main Board listing Ecobank posts $423m PBT in H1 2026
