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S&P Global acquires Nigerian agency Agusto&Co to anchor in Africa

S&P Global takes control of Nigerian rating agency Agusto&Co, marking its entry into African domestic credit rating.

Published 6sem1 source
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The fact

This expansion strategy comes as global rating agencies face criticism from African governments over their influence.

The acquisition strengthens international giants' presence on the continent and raises questions about African financial sovereignty.

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Why it matters

Les agences de notation internationales exercent une influence majeure sur les marchés de capitaux africains. L'acquisition par S&P Global d'une agence locale nigériane reflète la consolidation du contrôle financier occidental sur l'évaluation du risque crédit africain, suscitant des préoccupations légitimes chez les gouvernements du continent.

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