S&P GLOBAL ACQUIRES MAJORITY STAKE IN AGUSTO & CO TO EXPAND AFRICAN RATINGS PRESENCE

Global financial information and analytics firm S&P Global has acquired a majority stake in Nigerian credit rating agency Agusto & Co, strengthening its presence in Africa’s financial markets.

The deal is expected to combine S&P Global’s global expertise in financial intelligence and credit analysis with Agusto & Co’s deep knowledge of African markets, particularly Nigeria’s corporate and financial sectors.

Agusto & Co, one of Africa’s leading credit rating agencies, has built a reputation for providing research, ratings, and advisory services to businesses and financial institutions across the continent.

Industry analysts said the investment reflects growing global interest in Africa’s financial ecosystem and the increasing importance of reliable credit assessments in supporting investment decisions.

They noted that stronger rating capabilities can help improve market transparency, attract investors, and support businesses seeking access to capital.

S&P Global said the partnership will allow both organisations to expand their capabilities while continuing to provide market insights and risk assessments that support economic growth across Africa.