New Delhi, Jan. 13 -- The recent developments in Venezuela are unlikely to have any material impact on India's global trade or the credit quality of Indian corporates, said Crisil Ratings citing the country's limited role in global oil supply and India's minimal trade exposure.
In a credit alert, the rating agency noted that even if the situation in Venezuela escalates and disrupts crude oil production, the impact on global oil prices is expected to be muted, as Venezuela accounts for only about 1.5 percent of global crude oil supply.
Brent crude prices have remained largely stable in recent days, hovering slightly above USD 60 per barrel, it noted.
India's direct trade exposure to Venezuela is also insignificant, with imports from the S...