Hi,
You are correct. It is related to the catalytic converter. To be specific, it is for Bank 2.
The code indicates the catalytic converter is working below the threshold. In other words, it isn't doing its job. However, the code can be set as a result of other problems.
Do you have an exhaust leak between the engine and the catalytic converter? Are there any other codes that could indicate a fuel mixture issue, misfire, oxygen sensor, or anything other you are experiencing? Is this the only code that is stored? By any chance, do you have a live data scan tool?
Let me know. Also, I attached a pic below showing the most common repair for this code. Note that it indicates lower possibilities which include spark plug replacement and engine coolant temperature sensor.
Let me know.
Joe
See pic below.
Image (Click to make bigger)
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Monday, August 21st, 2023 AT 8:38 PM