The deal gives the ratings firm a deeper foothold in African credit markets through a controlling investment in the Nigerian agency.
S&P Global Ratings has acquired a majority stake in Nigeria’s Agusto & Co., a move that expands its presence in African credit markets. The transaction centers on a controlling investment in the Nigerian rating agency, signaling a broader push into the continent’s credit-rating infrastructure. The source frames the deal as a significant development for African capital markets, suggesting a major global player is taking a deeper role in local ratings activity.