New Delhi, Jan. 13 -- Crisil Ratings does not expect the US action in Venezuela to have any material impact on India's global trade or the credit quality of Indian corporates.

Even in the event of any escalation that disrupts crude oil production in Venezuela, the country's relatively small share (1.5 per cent) in global supply means it is unlikely to cause sustained turbulence in crude oil prices, shielding India Inc from any material adverse impact, the rating agency said in a credit alert on Tuesday.

The price of Brent crude oil has remained almost stable over the past few days, hovering a tad above USD 60 per barrel.

Besides, India's direct trade with Venezuela is also insignificant, accounting for less than 0.25 per cent of its to...