US-Venezuela Crisis: Minimal Impact on India's Trade & Corporate Credit, Says Crisil

• Crisil Ratings states the US-Venezuela crisis has a negligible impact on India's global trade and corporate credit quality.
• India is shielded from crude oil disruptions due to Venezuela's small share (1.5%) in global supply, preventing sustained price turbulence.
• India's direct trade with Venezuela is insignificant, with imports less than 0.25% of total, primarily crude oil.
• Crisil sees a 'silver lining': vast untapped Venezuelan oil reserves could boost global supply and soften crude prices long-term, benefiting India Inc.
• Indian corporate credit profiles are unlikely to be materially impacted due to modest exposure to Venezuelan customers.

Why It Matters: Crisil confirms US-Venezuela crisis has minimal impact on India's trade and corporate credit due to low exposure.