The deal expands S&P Global’s footprint in Africa, targeting growth in Nigeria, Kenya, Rwanda, and Ghana.
S&P Global has agreed to acquire a majority stake in Agusto & Co., a Pan-African credit rating agency operating in Nigeria, Kenya, Rwanda, and Ghana. The move aligns with S&P Global’s strategy to strengthen its presence in emerging markets and support regional financial infrastructure.
Agusto & Co. provides credit ratings and risk assessments across Africa, with a focus on corporate and sovereign debt. The acquisition follows rising demand for localized credit evaluations amid expanding African capital markets. Terms of the deal were not disclosed.
The investment is expected to enhance S&P Global’s ability to serve institutional investors and issuers in the region, though no immediate market reaction was reported.