FILE PHOTO: FIFA president Gianni Infantino with the World Cup trophy. | Photo Credit: AP
Browsing: Stake
In a press release on Tuesday, S&P Global Ratings described the deal as “a strategic step for both companies” that would “complement and support the growth strategy of the S&P Global Ratings division in Africa.” The financial details of the transaction were not revealed.
S&P Global has agreed to acquire a majority stake in Agusto & Co., one of Africa’s leading credit rating agencies, in a deal aimed at strengthening its presence in the continent’s domestic credit ratings market.
