We are

We are the Guide, the Sage, the Mentor.

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

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Our Services

Credit Ratings

We are a Pan African
leader in credit ratings

Industry Research

We are a leading provider of industry analysis

Credit Risk Management

We have developed a number of products and solutions

Our client-specific research enjoys strong synergies…

Agusto 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

Updates

Company Rating Expiry Date
Cordros Money Market Fund
Bbb+(f) Mar 05 , 2024
Zedcrest Money Market Fund
A+(f) Apr 24 , 2024
ValuAlliance Money Market Fund
A+(f) Apr 02 , 2024
Marathon Asset and Fund…
Bbb- Apr 30 , 2024
Development Bank of Nigeria…
Aaa Jun 30 , 2024
SEE MORE

  • 30 May, 2023

    Reps raise limit on CBN loans


    Punch | Read More
  • 30 May, 2023

    Fuel queues appear as Nigerians react to Tinubu’s “No fuel…


    Nairametrics | Read More
  • 30 May, 2023

    FG borrowed N6tn from CBN in 2022 – Report


    Punch | Read More

Speaking Engagements

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

Insights & Publications

Dangote Refinery: At Long Last

Dangote Refinery: At Long Last

A decade in the making, the Dangote Refinery was inaugurated by President Buhari on May 22, 2023, just one week before the end of his eight-year term. This symbolic and

Agusto & Co. Newsletter: Redesign gone wrong? – Costly Cashless

Agusto & Co. Newsletter: Redesign gone wrong? – Costly Cashless

How does the Central Bank retrieve 84.5% of a country’s currency in circulation in just 90 days? This was one of the many questions seemingly begging for answers when Nigeria’s apex

2023 Outlook: Nigeria, a Nation on the Precipice

2023 Outlook: Nigeria, a Nation on the Precipice

For Nigeria, the overarching theme in 2023 will be the general elections and, perhaps on an equally vital note, how whoever emerges president deals with the unprecedented national debt (₦44.06

Agusto & Co. Newsletter: The Naira Redesign – A Master Stroke or an Exercise in Futility?

Agusto & Co. Newsletter: The Naira Redesign – A Master Stroke or an Exercise in Futility?

The Central Bank of Nigeria (CBN), on 25 October 2022, announced that it would redesign the four higher value notes of the naira (₦100, ₦200, ₦500 and ₦1,000). According to

Cost of Living Crisis threatens to Derail Global Recovery

Cost of Living Crisis threatens to Derail Global Recovery

A decisive policymaking response to the current wave of global economic turmoil will be needed as the situation is likely to get worse before it gets better. An economic downturn

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Finance & Leasing

COMPANY RATING EXPIRY OUTLOOK COUNTRY
C& I Leasing Plc’s Series I ₦10 billion 7-year 15.5% Fixed Rate Senior Secured Bond Bbb+ Jun 30 , 2023 Stable Nigeria
C&I Leasing Plc Bbb- Jun 30 , 2023 Negative Nigeria
C& I Leasing Plc’s Series I ₦7 billion Fixed Rate Senior Secured Bond A- Jun 30 , 2023 Stable Nigeria
FundQuest Financial Services Limited Bbb- Jun 30 , 2023 Stable Nigeria
Fast Credit Limited Bbb Jun 30 , 2023 Stable Nigeria
Citihomes Finance Company Limited SR3 Nov 24 , 2023 Stable Nigeria
Lukefield Finance Company Limited Bbb- Jun 30 , 2023 Stable Nigeria
Credit Direct Limited Bbb Jun 30 , 2023 Stable Nigeria

Corporates

COMPANY RATING EXPIRY OUTLOOK COUNTRY
UAC of Nigeria Plc A- Jun 30 , 2023 Stable Nigeria
African Steel Mills Limited Bbb Jun 30 , 2023 Stable Nigeria
Abuja Steel Mills Limited Bbb+ Jun 30 , 2023 Stable Nigeria
GPC Energy & Logistics Limited Bbb Jun 30 , 2023 Stable Nigeria
Eat N Go Limited Bbb- Jun 30 , 2023 Stable Nigeria
UAC Foods Limited A- Jun 30 , 2023 Stable Nigeria
Lionseal Industries Limited Bbb- Jun 30 , 2023 Stable Nigeria
Lagos State Government Aa- Sep 30 , 2023 Stable Nigeria
BB Landmark Realty Limited Bbb Jun 30 , 2023 Stable Nigeria
Julius Berger Nigeria Plc A- Jun 30 , 2023 Stable Nigeria
BUA Cement PLC A+ Jun 30 , 2023 Stable Nigeria
Sundry Foods Limited A- Jun 30 , 2023 Stable Nigeria
GEL Utility Limited Bbb+ Jun 30 , 2023 Stable Nigeria
Industrial and Medical Gases Nigeria Plc A+ Jun 30 , 2023 Stable Nigeria
African Nonferrous Industries Limited A- Jun 30 , 2023 Stable Nigeria
North South Power Company Limited A- Jun 30 , 2023 Stable Nigeria
African Foundries Limited Bbb+ Jun 30 , 2023 Stable Nigeria

Corporate Bonds

COMPANY RATING EXPIRY OUTLOOK COUNTRY
AFIL SPV Plc Asset Backed Commercial Paper S3sf Dec 31 , 2023 Stable Nigeria
Flour Mills Nigeria Plc's ₦20 billion Series 3 Bonds (Tranche A & B) A- Feb 29 , 2024 Stable Nigeria
ABC Transport Plc's ₦900 Billion Five-Year 16.5% Fixed Rate Senior Secured Bond Due 2027 Bbb- Jun 30 , 2023 Negative Nigeria
Flour Mills of Nigeria Plc up to ₦40 billion 3-Year Fixed Rate Senior Unsecured Bond Due 2026 A- Dec 31 , 2023 Stable Nigeria
LFZC Funding SPV Plc’s up to ₦25 Billion 20-Year Senior Guaranteed Fixed Rate Infrastructure Bond Due 2042 Aaa Mar 31 , 2024 Stable Nigeria
Eat & Go Finance SPV Plc’s ₦11.5 Billion 14.25% Seven-Year Fixed Rate Senior Unsecured Bond Due 2026 Bbb- Dec 31 , 2023 Stable Nigeria
Sundry Foods Funding SPV Plc’s ₦2.5 Billion 5-Year 13.5% Series 1 Fixed Rate Bond Due 2026 A- Dec 31 , 2023 Stable Nigeria
TSL SPV Plc’s ₦12 Billion 10-Year 10% Series 1 Senior Guaranteed Fixed Rate Infrastructure Bond Due 2030 Aaa Oct 31 , 2023 Stable Nigeria
BUA Cement Plc's ₦115 billion 7.5% Seven-Year Senior Unsecured Fixed Rate Bond Due 2027 A+ Dec 31 , 2023 Stable Nigeria
NCNR SPV Limited’s ₦10.5 Billion 14% Fixed Rate Series 1 Bond Due 2027 A- Sep 30 , 2023 Stable Nigeria
LFZC Funding SPV Plc’s ₦10.5 Billion 20-Year 13.25% Senior Guaranteed Fixed Rate Infrastructure Bond Due 2041 Aaa Jun 30 , 2023 Stable Nigeria
Axxela Funding 1 Plc's ₦11.5 billion 14.3% Fixed Rate Bond Due 2027 A- May 31 , 2023 Stable Nigeria
MTN Nigeria Communications Plc’s up to ₦100 billion Series 1 Bond Aa+ Jun 30 , 2023 Stable Nigeria
Geregu Sukuk Plc’s ₦20 billion Bond Bbb+ Jun 30 , 2023 Stable Nigeria
GEL Utility Funding SPV PLC’s ₦13 Billion Bond Aaa Aug 31 , 2023 Stable Nigeria
Viathan Funding Plc.’s ₦10 billion 10-year Series 1 Senior Guaranteed Fixed Rate Bond Due 2027 Aaa Dec 31 , 2027 Stable Nigeria
NSP-SPV PowerCorp Plc’s ₦10 Billion 15-year Series 1 Aaa Dec 31 , 2033 Stable Nigeria