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Who we are

Agusto & Co. is  the foremost Pan African rating agency and a leading provider of industry research. Incorporated on 13 January 1992, Agusto & Co is a wholly owned Nigerian company. In 2001, Agusto & Co became the first Credit Rating Agency to be licensed by the Securities & Exchange Commission, Nigeria. In 2013, the Company was approved and duly registered by the Capital Markets Authority, Kenya and Rwanda  as a Credit Rating Agency.

The Company's accounting date is 31 December and is audited by ABAX – OOSA . Our Lawyers are Messrs Olajide Oyewole & Co. We currently offer our services under the following business lines: 

Credit Ratings - Research - Credit Risk Management 


Agusto & Co's Credit Ratings are accepted globally, and a wide client base utilise our reports as a benchmark for business. In performing its credit rating function, Agusto & Co relies on a database of information that it has built since 1992. Our ratings encompass financial institutions, corporates, funds, asset managers, health management organizations, as well as corporate and municipal debt issues. 

As Nigeria's pioneer credit rating agency, Agusto & Co introduced credit ratings into Nigeria at a time when the concept of credit ratings was relatively unknown in the country and even in sub Saharan Africa. Our milestones are numerous and include:

  1. First Credit Rating Agency to be registered by the Securities & Exchange Commission.
  2. First credit rating agency in Nigeria to assign ratings to banks, discount houses and insurance companies.
  3. First rating agency to assign ratings to companies on the Nigerian stock exchange.
  4. First rating agency to assign ratings to municipal bonds.


Agusto & Co carries out in-depth research on key sectors of the economy and regularly publishes reports on these sectors. We also provide client specific research on various sectors of the economy. 

The only company in Nigeria to periodically provide in-depth reports on up to 40 sectors of the economy, including;

  • Banking
  • Insurance
  • Oil & Gas ( upstream & downstream)
  • Textiles
  • Breweries
  • Cement
  • Telecommunication
  • Spare parts
  • Construction
  • Personal care
  • Pharmaceuticals
  • Rice
  • Sugar
  • Hotels
  • Soft drinks
  • Real estate
  • Aviation
  • Asset management


Credit risk management services entail a number of products and solutions to assist Banks and other credit institutions to effectively manage credit and financial risk.

Our flagship product, the Credit Risk Model Application © (CRMA), is an automated risk rating software, which makes use of our proprietary rating models for obligors, facilities and industries/sectors.

Copyright©2015 Agusto & Co.