Modern S&P Global logo on a corporate building exterior in an urban setting.
S&P Global has agreed to acquire a majority stake in Agusto & Co., a prominent Pan-African credit rating agency operating in Nigeria, Kenya, Rwanda, and Ghana. The deal is designed to strengthen S&P Global Ratings’ presence across Africa by combining its international expertise with Agusto’s decades of local market knowledge. Executives from both companies described the partnership as a chance to deepen credit transparency and investor confidence throughout the continent’s financial markets. Agusto & Co., founded in 1992, is Nigeria’s first credit rating agency and will continue operating independently, issuing its own ratings under existing regulatory frameworks. The transaction, whose financial terms were not disclosed, still requires regulatory approval and is expected to close in the second half of 2026.
Premium Times