TORONTO (Standard & Poor's) Nov. 1, 2002--Standard & Poor's Ratings Services today said it revised its outlook on Talisman Energy Inc. to stable from positive, following the company's announcement of its intention to sell its 25% ownership interest in Sudan's Greater Nile Oil Project and use the proceeds of C$1.2 billion (US$758 million) to repurchase common shares. Standard & Poor's also affirmed its triple-'B'-plus long-term corporate credit and senior unsecured debt ratings, and its triple-'B'-minus preferred securities rating on the company. The outlook revision reflects Standard & Poor's expectation that the company's overall credit risk profile, which remains strong for its current ratings category, should remain relatively unchanged between 2003 and 2004. Furthermore, barring an unanticipated cyclical downturn, the expectation
