S&P Global to buy majority stake in African ratings agency Agusto & Co

S&P Global has agreed to acquire a majority stake in pan-African ratings agency Agusto & Co, seeking to deepen its presence in Africa's domestic credit markets, it said on Tuesday. Agusto & Co will continue to operate as a separate ratings entity, issuing its own credit ratings and methodologies. The business has operations in Nigeria, Kenya, Rwanda and Ghana.

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