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VENTURES AFRICA – Nigeria’s first credit rating agency, Agusto & Co has expanded its business footprints to the East African nations of Rwanda and Kenya.
The move is part of its desire to foster transparency and development in capital markets across the continent, a statement released by the Pan-African rating agency confirmed.
“We remain committed to being the foremost Pan African credit rating agency and a leading provider of industry research in key economies across the continent. We are poised to publish a new set of reports on these markets in 2014,” it said.
Agusto & Co acquired credit ratings licenses from the Capital Markets Authority (CMA) in Kenya and Rwanda recently.
Incorporated on 13 January 1992, Agusto & Co is a wholly owned Nigerian company and the country’s first licensed Credit Rating Agency by the Securities and Exchange Commission.