Global to buy majority stake in African ratings agency Agusto & Co

S&P Global has agreed to acquire a majority stake in pan-African ratings agency Agusto & Co, the company said Tuesday. The deal is aimed at deepening S&P Global’s presence in Africa’s domestic credit markets, where local insight and coverage are key to assessing borrowers and managing risk. By moving into a controlling position, S&P Global is looking to strengthen its footprint in a region where credit assessment is increasingly important for investors and lenders. The announcement was made in Johannesburg and follows S&P’s broader strategy of expanding capabilities in emerging markets.