S&P Global Acquires Majority Stake in Agusto & Company to Expand Presence in African Debt Markets
S&P Global announced its agreement to acquire a majority stake in Agusto & Co., a leading Pan-African credit rating agency with operations across Nigeria, Kenya, Rwanda, and Ghana. The partnership aims to combine S&P's global expertise with Agusto’s deep local market knowledge to enhance transparency and support the development of Africa’s domestic debt markets. The transaction is expected to strengthen S&P Global Ratings' presence in African capital markets without significantly impacting its financial results. Agusto & Co. will continue operating independently, issuing ratings under regulatory guidelines after receiving necessary approvals. The deal remains subject to customary closing conditions and is anticipated to close by the end of 2026. Both companies emphasized that this strategic move aligns with their shared vision for fostering informed market analysis and investor confidence in Africa’s growing financial landscape.
Tickers: $SPGI
Topics: Africa Agusto & Co. Credit Ratings S&P Global