The New Jersey Turnpike Authority will not be able to certify by Dec. 1 that it can meet the debt service coverage levels necessary to maintain its ratings without the increased revenue from toll hikes proposed last week.

"As the authority approaches its next fiscal year, by Dec. 1 it must affirmatively certify its ability to meet debt coverage ratios memorialized in its existing bond covenants. This year the authority will be unable to issue this certification," according to the authority's Sept. 4 letter to Gov. Jon Corzine.

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