S&P Global to buy major share in Agusto & Co

S&P Global said on Tuesday that it will buy a majority stake in Agusto & Co. Agusto & Co. is a top rating agency in Africa, with operations in Nigeria, Kenya, Rwanda, and Ghana.

This investment is a key move for both companies. It will help S&P Global Ratings grow in Africa.

In a statement, S&P Global explained that by bringing together their global expertise and Agusto & Co.’s strong presence in Africa, they hope to improve market insights. They aim to boost credit transparency and support market players across the region.

Yann Le Pallec, President of S&P Global Ratings, said, "We are delighted to partner with Agusto & Co. to strengthen our domestic ratings presence across Africa. This transaction shows our commitment to supporting growth and transparency in local credit markets throughout the continent. Africa’s opportunity is extraordinary. By combining our global expertise with Agusto & Co.’s deep local insights, we can create informed analysis, encourage market dialogue, and build greater investor confidence both regionally and internationally."

Yinka Adelekan, Managing Director of Agusto & Co., said, "This partnership is a transformational milestone for Agusto & Co. and African capital markets, fulfilling our late founder’s vision of affiliating with a leading global rating agency."

He added, "For more than 30 years, we have built a trusted credit rating institution across Africa. By combining our deep Pan-African market knowledge and analytical independence with S&P Global Ratings’ global expertise, resources, and affiliate network, we believe this partnership will create new opportunities, enhance value for market participants, and support the continued development of transparent and resilient credit markets across the continent."

Agusto & Co. is a key credit rating agency in Africa, with a strong presence in Nigeria and other important markets. They rate financial institutions, corporations, and other entities. After the deal, Agusto & Co. will keep operating as a separate ratings agency, issuing its own credit ratings and methodologies according to local rules.

The deal still needs to meet standard closing conditions, including getting the necessary regulatory approvals.

The details of the deal have not been shared publicly.

If all regulatory approvals are met, the deal is expected to finalize in the second half of 2026.

S&P Global said this transaction is not expected to greatly affect its financial results or those of S&P Global Ratings.