S&P Global to Acquire Majority Stake in Agusto & Co., Expanding Ratings Presence in Africa
S&P Global announced an agreement to acquire a majority stake in Agusto & Company Limited, a Pan-African credit rating agency with operations in Nigeria, Kenya, Rwanda and Ghana. The transaction terms were not disclosed. Subject to customary closing conditions including required regulatory approvals, the transaction is expected to close during the second half of 2026. Agusto & Co. will continue to operate as a separate ratings entity and issue its own credit ratings and methodologies. S&P Global stated the trans...
Key takeaways
S&P Global agreed to acquire a majority stake in Agusto & Company Limited, a Pan-African credit rating agency.
Agusto & Co. holds credit rating licenses in Nigeria, Kenya, Rwanda and Ghana and has assigned over 4,000 ratings since inception.
Transaction terms (purchase price, percentage stake, valuation) were not disclosed.
Transaction is subject to customary closing conditions, including required regulatory approvals.
Expected closing: second half of 2026.
Agusto & Co. will continue to operate as a separate ratings entity issuing its own credit ratings and methodologies.
S&P Global stated the transaction is not expected to have a material impact on financial results of S&P Global or S&P Global Ratings.
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