We believe Talisman Energy Inc. will continue to exploit its existing asset base to internally replace reserves and maintain a fairly stable production profile. The company has a strong balance sheet and liquidity that provides support as the company executes its strategy to develop its unconventional assets. We affirmed our 'BBB' corporate credit and senior unsecured debt ratings on the company. On Sept. 4, 2009, Standard&Poor's Ratings Services affirmed its 'BBB' long-term corporate credit and senior unsecured debt ratings on Calgary, Alta.-based Talisman Energy Inc. The outlook is stable. The ratings on Calgary, Alta.-based Talisman Energy Inc. reflect, in Standard&Poor's opinion, a well-diversified portfolio of upstream assets, the growth potential inherent in the company's undeveloped acreage,
