S&P Global has agreed to acquire a majority stake in Agusto & Co., a leading Pan-African credit rating agency, in a strategic move aimed at strengthening its presence in Africa’s domestic credit rating market.
Gatekeepers News reports that the companies announced the agreement in a joint statement on Tuesday, describing the investment as a significant step that will support the expansion of S&P Global Ratings’ operations across the continent.
Under the deal, S&P Global will partner with Agusto & Co., whose operations span Nigeria, Kenya, Rwanda and Ghana. The transaction, however, remains subject to regulatory approvals.
According to the statement, the partnership is expected to accelerate the development of Africa’s credit markets by combining S&P Global’s international expertise with Agusto & Co.’s regional experience and established market presence.
Yann Le Pallec, President of S&P Global Ratings, said the acquisition reflects the company’s long-term commitment to supporting the growth and transparency of Africa’s local credit markets.
“We are delighted to partner with Agusto & Co. to strengthen our domestic ratings presence across Africa,” Le Pallec said.
“This transaction underscores our commitment to supporting growth and transparency in local credit markets throughout the continent.
“Africa’s opportunity is extraordinary, and by combining our global expertise with Agusto & Co.’s deep local insights, together we can foster informed analysis, constructive market dialogue, and greater investor confidence both regionally and internationally.”
Managing Director of Agusto & Co., Yinka Adelekan, described the agreement as a landmark achievement for both the company and Africa’s capital markets.
“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,” Adelekan said.
“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.”
The companies expect the transaction to be completed in the second half of 2026, subject to obtaining the necessary regulatory approvals.
S&P Global said the acquisition is not expected to have a material impact on its overall financial results or those of its ratings business.
The financial terms of the transaction were not disclosed.
