SS in the context of a CIB (Credit Information Bureau) report refers to Substandard loans. This classification is used by banks and financial institutions to categorize loans based on the repayment history of the borrower.
Here's a breakdown:
- Substandard (SS): A loan is classified as Substandard when the borrower's installment is overdue for a period of 6 to 11.99 months. This indicates a potential weakness in the borrower's ability to repay the loan. Banks reporting to the CIB use this designation in their reports to indicate this level of risk.
In essence, "SS" acts as a warning sign indicating a higher-than-normal risk of default, prompting lenders to take appropriate monitoring and remedial actions.
