S&P Acquires Nigerian Rating Agency to Deepen Africa Coverage
Bloomberg 2026-07-28 16:21:45
Context: S&P Global Ratings has acquired a majority stake in Nigeria-based Agusto & Co., a move aimed at expanding its coverage in Africa, a region considered underserved by global ratings companies. This acquisition enables S&P to deepen its presence in the African market, providing more comprehensive ratings and research to investors and businesses. The deal marks a strategic effort by S&P to enhance its footprint in the region.
Key Facts
- S&P Global Ratings acquired a majority stake in Agusto & Co., a Nigerian-based rating agency, to bolster its coverage in Africa.
- The acquisition is part of S&P's strategy to expand its presence in a region that is seen as underserved by global ratings companies, providing more comprehensive ratings and research to investors and businesses.
- Agusto & Co. is a Nigeria-based rating agency that will enable S&P to offer more localized and in-depth analysis of African markets, enhancing its ability to assess creditworthiness and provide insights to market participants.