S&P Global, a prominent credit ratings company, has announced that it has agreed to acquire a majority stake in Agusto & Company Limited (Agusto), a leading Pan-African rating agency. This acquisition aims to bolster S&P Global’s already strong position in Africa’s debt markets by expanding its footprint across the continent. [1] The move comes as part of S&P Global's strategy to strengthen its presence and influence in emerging markets, particularly those in Africa where there is significant growth potential for credit ratings services. Agusto has a long-standing reputation in providing high-quality ratings and analysis for African issuers, including sovereigns and corporations.
Agusto & Company Limited was founded in 1983 and has since become one of the most respected names in African financial markets. The company's expertise spans across various sectors such as energy, infrastructure, agriculture, and telecommunications. With this acquisition, S&P Global will be able to leverage Agusto’s existing client base and reputation to further penetrate these markets. [1] The deal is expected to strengthen S&P Global’s position in Africa, where the credit rating market has seen significant growth over recent years. According to a report by Fitch Ratings, the African debt issuance reached $30 billion in 2025, marking a substantial increase from previous years and indicating strong demand for high-quality ratings services. [1] Agusto & Company Limited's acquisition will also allow S&P Global to offer more comprehensive coverage of Africa’s financial landscape. The company currently operates in several countries across the continent, including Nigeria, South Africa, Kenya, and Egypt. This expansion is expected to help S&P Global better serve African issuers and investors looking for reliable credit ratings.
The acquisition process has not yet been finalized, and there are no specific timelines provided by either party regarding when the deal will be completed. However, given the strategic importance of this move, it is likely that a formal announcement on the completion of the transaction will follow soon. [1]