DALLAS — Development of the Eagle Ford Shale oil and gas-producing region of South Texas will have a $20 billion impact that is likely to boost credits for cities, counties and school districts in the area, researchers say.

The uplift in economic fortunes "is evident in part through increasing sales tax collections by local governments, a credit positive for South Texas issuers, including the 21 counties, cities and school districts rated by Moody's," Moody's Investors Service analyst James Hobbs wrote in a report last week.

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