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

(Hindu Business Line, Chennai, 5 March 2014) India's state-controlled Export Credit Guarantee Corporation that covers exporters against credit risk is closely looking at the turmoil in Ukraine to determine whether the situation calls for a risk upgrade, Though, theoretically, India stands to benefit from a depreciating hryvnia, the political turmoil may affect movement of goods, and the currency benefit may not be realised. ECGC has tie-ups with agencies and industry bodies abroad to gauge the situation.