Shorn of officialese, it is a loan waiver; and loan waivers are granted to individuals or institutions in extreme financial distress -- something not to go to town about.
At one point earlier this month the levels even burst the 500 barrier, recorded in deadpan officialese as "beyond index" or, in more colourful parlance as "crazy bad".
Officialese has been criticized as making one's speech or prose stilted, convoluted, and sometimes even indecipherable and simply as the cancer of language.
Officialese is meant to impress the listener (or reader) and increase the authority (more than the social status) of the user, making him or her appear more professional.