• Deal will foster informed analysis, market dialogue, says ratings agency
•Agusto: Move is in fulfilment of our late founder’s vision
Emmanuel Addeh in Abuja and Nume Ekeghe in Lagos
S&P Global has agreed to acquire a majority stake in Agusto & Company Limited (Agusto & Co.), one of Africa’s leading credit rating agencies, in a move aimed at expanding its footprint in the continent’s domestic debt markets and strengthening credit transparency across Africa.
The transaction, announced in a joint statement yesterday, will bring together S&P Global Ratings’ international expertise and Agusto & Co.’s extensive Pan-African market experience. Agusto & Co. currently operates in Nigeria, Kenya, Rwanda and Ghana.
