S&P Global has entered into an agreement to obtain a majority interest in Agusto & Company Limited, a prominent credit rating firm operating across Africa. This strategic acquisition seeks to bolster credit transparency and widen the reach of local debt markets throughout the region.
Pending necessary regulatory clearances, the deal merges S&P Global Ratings’ international proficiency with the local footprints Agusto & Co. has established in Nigeria, Kenya, Rwanda, and Ghana. The transition is projected to conclude by the latter half of 2026, though specific financial details remain undisclosed.
Yann Le Pallec, President of S&P Global Ratings, emphasized that this partnership highlights the firm’s enduring dedication to the African capital market. By blending global analytical methods with local expertise, the company aims to boost investor confidence and encourage more thorough market discourse.
Yinka Adelekan, Managing Director of Agusto & Co., characterized the deal as a significant advancement for both the agency and the broader African financial sector. Adelekan noted that the collaboration realizes the legacy of the firm’s founder, aiming to utilize S&P Global’s resources to cultivate more resilient and transparent credit environments. Moving forward, Agusto & Co. will maintain its operational independence and continue to issue ratings utilizing its existing regulatory frameworks.
