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India's credit risk insurer monitoring Ukraine turmoil for risk assessment

March 7, 2014 - 6:00am

An Indian state-controlled enterprise that covers exporters against credit risk is closely looking at the turmoil in Ukraine to determine whether the situation calls for a risk upgrade, The Hindu Business Line reported.

The Export Credit Guarantee Corp. of India has not implemented any changes to the insurance process yet, but is monitoring Ukraine. A risk upgrade would not affect exporters' degree of insurance, but would require them to seek ECGC's approval before export activities, the newspaper reported.

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