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Moody's rates N.J. turnpike bonds MIG1
Moody's Investors Service said it assigned an MIG1 rating to the New Jersey Turnpike Authority's $325 million of subordinated turnpike revenue notes, series 2008.
Moody's also said it affirmed the A3 ratings on $4.9 billion of outstanding turnpike revenue bonds (senior lien).
The outlook is stable.
Sale of the series 2008 bonds is expected on April 10.
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