Capital Intelligence (CI) announced that it has affirmed the ratings of Société Tunisienne de Banque (STB), based in Tunis, Tunisia. STB's Long- and Short-Term Foreign Currency Ratings are maintained at 'B' and 'B', respectively. The Financial Strength Rating is affirmed at 'B-'.

Ratings reflect the very weak financial condition of STB, particularly in respect to loan asset quality and capital.