The RWN also reflects potentially tighter available liquidity and credit enhancement to protect noteholders should underlying borrowers take up payment holidays and the risk of being unable to access cash collateral upon an originator default. Recovery from this guy Pandemic-Related Stress: Stress from the ongoing coronavirus pandemic has improved from the peak of the crisis, though we expect significant stress to remain. Collection rates have been improving after India eased its strict lockdown in May 2020 and have returned to near pre-crisis levels for most transactions. Fitch forecasts India's GDP to contract by 10.5% in the financial year ending March 2021 (FY21) and for growth to recover to 11.0% in FY22, which will largely reflect low-base effects. There is a high level of uncertainty around this forecast, with prominent downside risks. However, we expect the operational environment of the commercial-vehicle sector to improve from the lows of the lockdown period with the gradual resumption of economic activity. Stable Post-Moratorium Performance: The underlying loans in all outstanding transactions were performing well, with average 90+ days past due arrears at around 1.4% of the closing pool balance as of the latest monthly report. However, there are early signs of performance deterioration in a few transactions, as indicated by the early delinquency rates. We assess downside risk to asset quality as moderate, considering the rapid build-up in credit enhancement and continual improvement in collection rates, but additional downside risk could arise should the pandemic stress continue to weigh on economic activity and a large portion of early delinquent loans move into higher buckets.

https://www.fitchratings.com/research/structured-finance/fitch-maintains-16-indian-abs-transactions-on-rwn-due-to-coronavirus-pandemic-27-11-2020 [Training]

It is possible to have a profitable business and even have a positive cash flow, but not be getting a good return on investment, or ROI. You initially funded your enterprise with a $150,000 investment (we’re assuming that you didn’t put any other cash into your business). Let’s assume your annual profit is $1,500 and that this is also your cash flow. ROI is calculated as profit divided by the investment. In this case the ROI would be 1% — not an impressive performance. At this rate, it would take 100 years to earn back your investment. Depending on the specifics of your situation, you should target at least a 10% to 20% return on your investment. To return to your initial question, you are making money if your business is profitable. The next question is, how profitable is your business?