business

S&P Global Ratings Acquires Majority Stake in Nigeria's Agusto & Co.

28 Temmuz 2026Bloomberg

S&P Global Ratings has acquired a majority stake in Agusto & Co., a Nigerian rating agency, as part of its strategy to enhance its presence in Africa. This move aims to address the perceived gap in coverage by global ratings firms in the African market.
By investing in a local agency, S&P seeks to leverage regional expertise and improve its service offerings across the continent.
Africa has historically been underrepresented in the global ratings landscape, with many international firms hesitant to invest in local agencies. This acquisition reflects a broader trend of international companies recognizing the need for localized knowledge and expertise to better serve the diverse and dynamic Af…
The acquisition of Agusto & Co. by S&P Global Ratings highlights the growing importance of the African market in the global financial landscape.

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