Agusto&Co
Agusto & Co. is a Pan-African credit rating agency and industry research firm, headquartered in Lagos and operating in Kenya, Rwanda, and Ghana. It provides independent credit ratings, surveillance, industry research, and green bond verification to corporate issuers, financial institutions, governments, and investors across Sub-Saharan Africa.
- Company typePrivate
- Founded1992
- HeadquartersLagos, Nigeria
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Agusto&Co does
Agusto & Co. is a Pan-African credit rating agency and industry research provider founded in 1992 and headquartered in Lagos, Nigeria. The firm operates as the first credit rating agency established in Nigeria and is registered and regulated by the Securities and Exchange Commission (SEC), with a Code of Conduct substantially aligned with the IOSCO Code Fundamentals for credit rating agencies. It maintains regional offices in Kenya, Rwanda, and Ghana, providing coverage across West and East Africa.
The company's core offering is independent credit risk assessment of obligors and securities issues using proprietary quantitative and qualitative methodologies, supplemented by ongoing surveillance. The services portfolio spans credit ratings, customized client research, industry research, credit risk management advisory, and green bond verification under the Climate Bonds Initiative Approved Verifier program. These are delivered and distributed through the digital Agusto Market Intelligence (AMI) platform — which now incorporates an AI-powered natural language layer branded AgustoGPT — and through the Agusto Research Shop e-commerce channel for annual sector publications covering insurance, microfinance, fintech, oil and gas upstream, and agro-processing. Pricing is not publicly disclosed.
Agusto & Co. generates revenue primarily through one-time rating issuance fees and recurring annual surveillance fees paid by rated obligors, subscription and one-off purchases of industry research, professional-services fees for bespoke credit risk and consulting engagements, and transaction-based fees for green bond verification. Its customer base spans corporate issuers, banks and microfinance institutions, insurance companies, sub-national governments, infrastructure special purpose vehicles (SPVs) issuing debt, and institutional investors and capital market participants. The business model is B2B, sales-led, with direct client engagement augmented by distribution through digital channels and participation in capital market transactions where independent ratings are required or commercially valuable.
Agusto&Co firmographics
Firmographics- Name
- Agusto&Co
- Legal name
- Agusto & Co. Ltd
- Website
- https://agusto.com
- Company type
- Private
- Founded year
- 1992
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Agusto & Co. is a Pan-African credit rating agency and industry research firm, headquartered in Lagos and operating in Kenya, Rwanda, and Ghana. It provides independent credit ratings, surveillance, industry research, and green bond verification to corporate issuers, financial institutions, governments, and investors across Sub-Saharan Africa.
- Ownership category
- akta.pro rank
Agusto&Co industry classification
Industry- Product category
- Credit Rating Services
- NAICS
- Credit Bureaus (56145)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL)
- akta.pro secondary industries
- ESG Governance, Sustainability Reporting & Assurance Advisory (BPAHAFAJ), Sustainability & ESG Consulting (BPAHACAK)
Keywords
Where Agusto&Co is headquartered
LocationHeadquarters
- HQ city
- Lagos
- HQ country
- Nigeria
- HQ region
- Africa
Offices5 records
Markets served
Agusto&Co business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Credit Ratings Services: Fees charged to obligors (corporates, financial institutions, governments) for credit rating assessments and ongoing surveillance of ratings. Rating fees are typically one-time issuance fees plus annual surveillance fees.
- Industry Research Publications: Sale of annual industry reports (e.g., Insurance Industry Report, Microfinance Industry Report, FinTech Industry Report, Oil & Gas Upstream Report, Agro-Processing Report) and customized research services to investors and market participants.
- Credit Risk Management: Bespoke credit risk management advisory services for investors seeking deeper understanding of operating environments and risk exposures.
- Green Bonds Verification: Verification services for green bond issuers to certify conformity with Climate Bonds Standard and alignment with Paris Agreement objectives.
Go-to-market motion1 record
Distribution channels4 records
Marketing channels4 records
Agusto&Co product offering
Product offeringCore offering
Agusto & Co. is a Pan-African credit rating agency providing independent assessment of obligors and securities issues for corporates, financial institutions, and government entities in Nigeria and Sub-Saharan Africa. Its offerings include credit ratings, customized research, industry research, credit risk management advisory, and green bond verification under Climate Bonds Initiative standards, distributed via the Agusto Market Intelligence (AMI) platform and an annual publications program.
Product overview
Agusto & Co. is a Pan-African Credit Rating Agency operating as a unified platform of credit rating and research services. The core offerings include Credit Ratings (the primary service), Customized Research, Industry Research, and Credit Risk Management, supported by specialized Green Bonds Verification capabilities. The company also operates the digital Agusto Market Intelligence (AMI) platform providing access to ratings and industry research, complemented by an annual publications program (Comprehensive Industry Reports). The AMI platform incorporates AI capabilities through AgustoGPT for enhanced data interaction.
Differentiator
Problem solved
Functional benefit
Products and services
- Credit Ratings Pan-African credit rating service providing independent assessment of the financial condition of obligors (corporates, financial institutions, governments) and their ability to meet obligations as and when due, supporting access to debt capital markets.
- Customized Research Client-specific bespoke research services enjoying strong synergies with the company's credit rating expertise and industry knowledge, provided to investors and issuers seeking deeper understanding of operating environments and risk exposures.
- Industry Research Comprehensive industry analysis examining market driving forces and key risks across various sectors in Nigeria and Sub-Saharan Africa, available through subscription publications.
- Credit Risk Management Advisory services assisting organizations during strategy and management sessions to review organizational performance, financial focus, and credit risk exposures.
- Green Bonds Verification Verification services for green bond issuers, certifying conformity with the Climate Bonds Standard and alignment with Paris Agreement objectives, delivered under the company's Approved Green Bond Verifier status from the Climate Bonds Initiative.
- Agusto Market Intelligence (AMI) Subscription platform providing access to Agusto & Co.'s credit risk ratings, industry risk service, and customized research across sub-Saharan Africa, enhanced with the AgustoGPT conversational AI capability for natural language interaction with the underlying data.
- Comprehensive Industry Reports Annual expert industry analysis publications covering sectors including Insurance, Microfinance, FinTech, Oil & Gas Upstream, and Agro-Processing, sold through the Agusto Research Shop (agustoresearch.com) and accessible via the AMI platform.
Companies that use Agusto&Co
Customer profileSegments5 records
Ideal customer profiles4 records
Agusto&Co technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability1 record
Feature1 record
Agusto&Co partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Climate Bonds InitiativecoreAgusto & Co. operates as an Approved Green Bond Verifier by the Climate Bonds Initiative, enabling the company to verify and certify green bond issuances for conformity with international Climate Bonds Standards and alignment with the Paris Agreement objectives. This partnership positions Agusto & Co. as a key player in sustainable finance verification across Africa.
Scale indicators3 records
Recent moves6 records
Expansion highlights5 records
Agusto&Co competitors and assessment
Company assessmentDirect peers
- GCR Ratings: Pan-African credit rating agency (formerly Global Credit Rating Co.) operating across multiple African markets and offering sovereign, corporate, and financial-institution ratings — the closest direct competitor to Agusto's regional credit rating franchise.
Regional players
- Japan Credit Rating Agency (JCR): Asia-based credit rating agency serving Japanese and select Asian sovereign and corporate issuers. Comparable as a non-US headquartered regional rating agency with rigorous methodologies and regulatory standing.
- CRIF Ratings: European (Italy-headquartered) credit rating agency covering SMEs and corporates across Europe, the Americas, and Africa. Comparable as a regional rating provider expanding into African markets with a similar product offering.
Emerging players
- CARE Ratings: Indian credit rating agency focused on emerging-market corporate, financial institution, and SME ratings. Comparable to Agusto as a regional rating leader with similar issuer profiles in a developing capital market.
- ICRA: Indian credit rating agency (subsidiary of Moody's) providing ratings and research for Indian corporates and FIs. Comparable as a regionally dominant rating provider in a large emerging market, with overlapping product structure.
- Dagong Global Credit Rating: China-based credit rating agency focused on emerging-market sovereign and corporate ratings. Comparable to Agusto as a non-Western rating agency seeking to serve regional issuers outside the dominant US-based agencies.
Broad incumbents
- Fitch Ratings: Global credit rating agency with established African sovereign and bank coverage. Competes with Agusto on regional and cross-border ratings, particularly for African banks and infrastructure-related issuers.
- S&P Global Ratings: World's largest credit rating agency and a major provider of sovereign and corporate ratings across Africa. Competes with Agusto for regional and supranational African issuers and benefits from strong investor brand preference.
- Moody's Ratings: Global credit rating agency that increasingly covers African sovereigns, banks, and corporates. Overlaps directly with Agusto on cross-border African debt issuers and represents the primary global incumbent competing for high-profile African mandates.
Others
- Bloomfield Investment Corporation: West African (Nigerian) financial services firm providing credit ratings, research, and financial advisory. Closely comparable as a local/regional rating and research counterpart operating in the same Nigerian ecosystem as Agusto.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Agusto&Co social profiles
Digital presenceAgusto&Co compliance and trust
Trust signalCompliance3 records
Agusto&Co financial estimates
Financial estimateRevenue estimate
Valuation estimate
Agusto&Co leadership team
Management profileNumber of profiles
Agusto&Co funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Agusto&Co M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Agusto&Co
What does Agusto&Co do?
Agusto & Co. is a Pan-African credit rating agency providing independent assessment of obligors and securities issues for corporates, financial institutions, and government entities in Nigeria and Sub-Saharan Africa. Its offerings include credit ratings, customized research, industry research, credit risk management advisory, and green bond verification under Climate Bonds Initiative standards, distributed via the Agusto Market Intelligence (AMI) platform and an annual publications program.
Is Agusto&Co a public or private company?
Agusto&Co is a private company. It is classified as unknown and is currently operating.
When was Agusto&Co founded?
Agusto&Co was founded in 1992. It employs 11 to 50 people.
Where is Agusto&Co based?
Agusto&Co is headquartered in Lagos, Nigeria, in the Africa region.
How does Agusto&Co make money?
Four revenue lines are on record. Credit Ratings Services are the primary driver. The others are industry Research Publications, credit Risk Management and green Bonds Verification.
Who are Agusto&Co's main competitors?
GCR Ratings is listed as a direct peer. Regional players are Japan Credit Rating Agency (JCR) and CRIF Ratings. Emerging players are CARE Ratings, ICRA and Dagong Global Credit Rating. Broad incumbents are Fitch Ratings, S&P Global Ratings and Moody's Ratings. Bloomfield Investment Corporation is listed as an others.
Does Agusto&Co have an API?
No public API is recorded for Agusto&Co.
What industry is Agusto&Co in?
Agusto&Co's product category is Credit Rating Services. Its primary akta.pro industry code is BPAHAOAL, Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory), with a secondary code of BPAHAFAJ, ESG Governance, Sustainability Reporting & Assurance Advisory. Its NAICS code is 56145 and its SIC code is 6199.