Fried chicken backed bonds not enough for Correa: Andes Credit

Ecuador's President, Rafael Correa, a self-described "socialist revolutionary" has called bond investors "true monsters" in the past but is now going even further with a proposal that would prohibit the sale of securitized debt if the bond is not backed by a hard asset. Bonds backed by future cash flows for restaurant chains such as KFC and Cinnabon would be banned under the law.

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