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
Shelter Afrique’s Bonds
Aa(ngr) Apr 20 , 2026
Shelter Afrique
A+(ken) /Aa-(ngr) Jun 30 , 2026
Family Homes Funds Limited
Aa/A1+ Jun 30 , 2026
Nigeria Mortgage Refinance Company…
Aa Jun 30 , 2026
Legacy Money Market Fund
Aa-(f) Sep 25 , 2026
SEE MORE

  • 17 Oct, 2025

    Stakeholders worried as NGX delists 1.31 billion shares of Ardova


    The Guardian | Read More
  • 17 Oct, 2025

    Equity investors record N8bn gain in one week


    Punch | Read More
  • 17 Oct, 2025

    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
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
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
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
NEN Infrastructure Limited's ₦40.975 Billion Bond A- Mar 22 , 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
LFZC Funding SPV PLC’s ₦25 billion Bond Aaa Mar 16 , 2026 Stable Nigeria
NCNI Limited's ₦13.2 Billion Bond A Feb 01 , 2026 Stable Nigeria
GPC-SPV Company PLC Aaa Nov 23 , 2025 Stable Nigeria
PAT Digital Infra Fund SPV PLC Aaa Feb 02 , 2026 Stable Nigeria
NSP-SPV PowerCorp Plc’s ₦10 Billion 15-year Series 1 Aaa Dec 31 , 2033 Stable Nigeria