Legislation that would reduce New Jersey Turnpike Authority tolls prompted a conference call Friday between the agency and Moody’s Investors Service.

The conference took place after an institutional investor with more than $50 million of turnpike debt contacted the agency last week regarding a potential reduction in tolls on the New Jersey Turnpike and the Garden State Parkway, Gov. Chris Christie spokesman Michael Drewniak told reporters during a press conference on Friday.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.