HONG KONG (Standard&Poor's) May 15, 2014--Standard&Poor's Ratings Services said today that its rating and outlook on Texhong Textile Group Ltd. (BB-/Stable/--; cnBB+/--) are not immediately affected by anti-China protests that have turned violent in South Vietnam. Texhong has temporarily halted production and incurred minor damage at its South Vietnam facilities, but this will not materially weaken its credit profile. On the other hand, a prolonged disruption of production could increase the company's credit risks. Growing tension between China and Vietnam over disputed territory in the South China Sea has sparked the recent protests. Our rating on Texhong already factors in the company's high exposure to country risk in Vietnam. We could revise our outlook to negative
