Prime Highlights
- S&P Global will acquire a majority stake in Agusto & Co. to expand its African ratings business.
- Agusto & Co. will continue operating independently after the transaction closes.
Key Facts
- Agusto & Co. is a Pan-African credit rating agency operating in Nigeria, Kenya, Rwanda and Ghana.
- The transaction is expected to close in the second half of 2026, subject to regulatory approvals.
Background
The Pan-African credit rating agency Agusto & Co. is to be acquired by S&P Global. S&P Global is expected to have a bigger presence in the credit rating industry in Africa. The transaction, which awaits regulatory clearance, is expected to be consummated in the second half of 2026.
The partnership supports S&P Global Ratings’ growth strategy across Africa by combining its global expertise with Agusto & Co.’s strong regional presence in Nigeria, Kenya, Rwanda and Ghana.
The companies said the partnership aims to improve credit transparency, expand market insights and provide stronger support to issuers, investors and other participants in African capital markets. Financial terms of the deal were not disclosed, and S&P Global said the acquisition is not expected to have a material impact on its financial results.
Following the completion of the transaction, Agusto & Co. will continue to operate as an independent ratings agency. It will maintain its own methodologies for credit ratings and ratings in accordance with local regulations.
The collaboration will be useful to Agusto & Co. in its strategy of growing its business and developing African capital markets. The company said the collaboration will combine its regional market knowledge with S&P Global Ratings’ international resources and expertise to create greater value for market participants.
S&P Global said the investment reflects its commitment to supporting the development of transparent and resilient credit markets across Africa. The company believes the collaboration will improve investor confidence, encourage informed decision-making and contribute to the continued growth of local financial markets across the continent.
