This report provides a pool-wise summary of the performance of all ICRA-rated ABS transactions that were live between May 2025 and October 2025. In total, the performance of 347 transactions across 68 originators, covering a wide variety of asset classes such as commercial vehicle (CV), auto (Car), construction equipment (CE), tractor, two-wheeler, micro, small & medium enterprise (MSME), machinery loans, loan against gold and micro loans, is discussed in the report. For each transaction, the key performance parameters, including cumulative collection efficiency, static and dynamic delinquency profile, prepayment rate, and credit enhancement utilisation, are assessed. The report also contains details of ICRA’s rating actions (new ratings assigned, ratings upgraded, ratings downgraded, and ratings reaffirmed) between May 01, 2025 and October 31, 2025.

Exhibit: Cumulative collection efficiency (CCE) for ICRA-rated CV pools