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Pan-African
Rating Agency

Agusto & Co. is a Pan-African Credit Rating Agency and a leading provider of industry research and knowledge in Nigeria & Sub-Saharan Africa.

Our Services

We are a Pan African leader in credit ratings

We are a leading provider
of industry analysis

We are an Approved Green Bond Verifier by the Climate Bonds Initiative

Our client-specific research enjoys strong synergies…

Updates

Company Rating Expiry Date
Falcon Corporation Limited
A/A1 Jun 30 , 2026
Arco WorldWide Services Limited
A/A1 Sep 30 , 2026
TSL SPV Plc’s ₦12…
Aaa Oct 06 , 2026
FMN Financing 1 PLC’s…
A- Dec 15 , 2026
GEL Utility Funding SPV…
Aaa Aug 31 , 2026
SEE MORE

  • 26 Mar, 2026

    Stakeholders worried as NGX delists 1.31 billion shares of Ardova


    The Guardian | Read More
  • 26 Mar, 2026

    Equity investors record N8bn gain in one week


    Punch | Read More
  • 26 Mar, 2026

    Global petrol price rises by 20%


    Punch | Read More

Agusto & Co.’s Market Intelligence (AMI)

A platform where we share our research and knowledge of key
industries and provide access to our credit risk ratings across sub-Saharan Africa

Industry Risk Service

Our analysis examines the market driving forces and key risks that the industries under coverage face

Rating Service

Access all our credit risk ratings for obligors in Nigeria, Kenya and Rwanda

Customized Research

Our bespoke market & investment research service for investors seeking a deeper understanding of the operating environment in order to create value

Comprehensive Reports

Annual publications of expert analysis of various sectors in Nigeria

Speaking
Engagements

We assist organizations during their strategy & management sessions to review their performance and financial focus.
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Finance & Leasing

COMPANY RATING EXPIRY OUTLOOK COUNTRY
C&I Leasing Plc's ₦10 Billion Bond A- Jun 30 , 2026 Stable Nigeria
C&I Leasing Plc Bbb/A2 Jun 30 , 2026 Stable Nigeria
FundQuest Finance Company Limited Bbb/A2 Jun 30 , 2026 Stable Nigeria
Fast Credit Finance Company Limited Bbb+/A2 Jun 30 , 2026 Stable Nigeria
Fewchore Finance Company Limited Bbb/A2 Jun 30 , 2026 Stable Nigeria
Credit Direct Finance Company Limited Bbb+ Jun 30 , 2026 Stable Nigeria
LECON Finance Company Limited A+ Jun 30 , 2026 Stable Nigeria

Corporates

COMPANY RATING EXPIRY OUTLOOK COUNTRY
Falcon Corporation Limited A/A1 Jun 30 , 2026 Stable Nigeria
Arco WorldWide Services Limited A/A1 Sep 30 , 2026 Stable Nigeria
Dimension Data Limited Bbb+/A2 Sep 30 , 2026 Stable Nigeria
Strides Energy and Maritime Limited Bbb-/A3 Jun 30 , 2026 Stable Nigeria
Jimcol Resources Nigeria Limited Bbb+/A2 Jun 30 , 2026 Stable Nigeria
Arco WorldWide Services Limited A/A1 Sep 30 , 2026 Stable Nigeria
Coleman Technical Industries Limited A Jun 30 , 2026 Stable Nigeria
African Non-Ferrous Industries Limited A- Jun 30 , 2026 Stable Nigeria
Paras Energy and Natural Resources Development Limited A+/A1 Jun 30 , 2026 Stable Nigeria
Abuja Steel Mills Limited A-/A1 Jun 30 , 2026 Stable Nigeria
Saro Lifecare Limited A- Jun 30 , 2026 Stable Nigeria
Benue Investment and Property Company Limited Bbb/A2 Jun 30 , 2026 Stable Nigeria
Axxela Limited Aa- Jun 30 , 2026 Stable Nigeria
Zeenab Foods Limited A Jun 30 , 2026 Stable Nigeria
Nigerian Breweries PLC A+ Jun 30 , 2026 Stable Nigeria
Premium Cocoa Products (Ile-Oluju) Limited Bbb Jun 30 , 2026 Stable Nigeria
MTN Nigeria Communication PLC Aa+ Jun 30 , 2026 Stable Nigeria
Cutix PLC Bbb+ Oct 31 , 2026 Stable Nigeria
Johnvents Industries Limited Bbb+ Jun 30 , 2026 Stable Nigeria
Payaza Africa Limited Bbb Jun 30 , 2026 Stable Nigeria
NGN Gram Limited Bbb Jun 30 , 2026 Stable Nigeria
Food Concepts PLC A Jun 30 , 2026 Stable Nigeria
Odu'a Investment Company Limited  Aa- Jun 30 , 2026 Stable Nigeria
UAC of Nigeria PLC A- Jun 30 , 2026 Stable Nigeria
Vitafoam Nigeria Plc A Mar 31 , 2026 Stable Nigeria
Lagos Free Zone Company Bbb Jun 30 , 2026 Positive Nigeria

Corporate Bonds

COMPANY RATING EXPIRY OUTLOOK COUNTRY
TSL SPV Plc’s ₦12 Billion Infrastructure Bond Aaa Oct 06 , 2026 Stable Nigeria
FMN Financing 1 PLC’s ₦4.89 Billion and ₦25 Billion Bonds A- Dec 15 , 2026 Stable Nigeria
GEL Utility Funding SPV Plc’s ₦13 Billion Bond Aaa Aug 31 , 2026 Stable Nigeria
MTN Nigeria Communications PLC's ₦10,085,600,000 and ₦104,914,400,000 Bonds Aa+ Sep 30 , 2026 Stable Nigeria
FMN Financing 1 PLC’s ₦46 Billion 5-Year Senior Unsecured Bond A- May 30 , 2026 Stable Nigeria
FMN Financing 1 PLC’s ₦46 Billion 3-Year Senior Unsecured Bond A- May 08 , 2026 Stable Nigeria
GPC-SPV Company PLC’s ₦20 Billion Bond Aaa Nov 23 , 2026 Stable Nigeria
Lagos State Government's ₦100 Billion Bond Aa Sep 30 , 2026 Stable Nigeria
MTN Nigeria Communications PLC's ₦89.99 Billion Bond Aa+ Sep 30 , 2026 Stable Nigeria
Lagos State Government's ₦38.7 Billion and ₦5.34 Billion Bonds Aa Sep 30 , 2026 Stable Nigeria
Lagos State Infrastructure Sukuk SPV Plc's ₦19.815 Billion Aa Sep 30 , 2026 Stable Nigeria
Lagos State Government's ₦137.3 Billion Bond Aa Sep 30 , 2026 Stable Nigeria
Lagos State Government's ₦115 Billion Bond and Hybrid Instruments Issuance Programme. Aa Sep 30 , 2026 Stable Nigeria
BUA Cement PLC’s ₦115 Billion Bond A+ Dec 31 , 2026 - Nigeria
UAC of Nigeria PLC's up to ₦75 billion Bond A- Nov 30 , 2026 Stable Nigeria
Geregu Power Plc's ₦40.085 Billion Bond A- Jul 28 , 2026 Stable Nigeria
Lagos State Government's Proposed ₦14.8 Billion Green Bond and Hybrid Instruments Issuance Programme Aa Sep 30 , 2026 Stable Nigeria
Lagos State Government's proposed ₦200 Billion Bond and Hybrid Instruments Issuance Programme Aa Sep 30 , 2026 Stable Nigeria
UAC of Nigeria PLC's ₦5.82 Billion Bond A- Aug 14 , 2026 Stable Nigeria
Wemabod Financing SPV Limited’s ₦3 Billion Bond Aa- May 21 , 2026 Stable Nigeria
Dangote Industries Funding PLC’s ₦112.42 Billion Bond A+ Jul 19 , 2026 Negative Nigeria
Dangote Industries Funding PLC’s ₦10.47 Billion Bond Due 2029 and ₦177.12 Billion Bond Due 2032 A+ Jun 30 , 2026 Negative Nigeria
Presco PLC’s ₦82.9 Billion Bond Aa Jan 31 , 2027 Stable Nigeria
CRS Funding SPV Limited’s ₦35 Billion Bond Bbb+ Dec 31 , 2026 Stable Nigeria
CRS Funding SPV Limited’s ₦22.8 Billion Bond Bbb+ Aug 05 , 2026 Stable Nigeria
Paras Energy Funding SPV PLC’s ₦15 Billion Bond A+ Oct 30 , 2026 Stable Nigeria
LFZC Funding SPV Plc’s ₦25 Billion Infrastructure Bond Aaa Mar 04 , 2027 Stable Nigeria
LFZC Funding SPV Plc’s ₦17.5 Billion Infrastructure Bond Aaa Mar 04 , 2027 Stable Nigeria
NSP-SPV PowerCorp Plc’s ₦6.325 Billion Green Bond   A Apr 15 , 2026 Stable Nigeria
Axxela Funding 1 PLC's ₦16.4 billion Bond Aa- Apr 12 , 2026 Stable Nigeria
Axxela Funding 1 PLC's ₦11.5 Billion Bond Aa- May 20 , 2026 Stable Nigeria
NEN Infrastructure Limited's ₦17.1 Billion Bond A May 31 , 2026 Stable Nigeria
Aradel Holdings PLC's  ₦10.318 billion Bond Aa Jun 30 , 2026 Stable Nigeria
MTN Nigeria Communications PLC’s ₦110,001,000,000 Series 1 Bond Aa+ Apr 30 , 2026 Stable Nigeria
NSP-SPV PowerCorp Plc’s ₦10 Billion 15-year Series 1 Aaa Dec 31 , 2033 Stable Nigeria