TORONTO (Standard&Poor's) June 25, 2008--Standard&Poor's Rating Services today said it lowered its corporate credit and senior unsecured debt ratings on Calgary, Alta.-based Talisman Energy Inc. to 'BBB' from 'BBB+' following a full review of the company's overall credit profile. The outlook is stable. "Our decision to lower the ratings on Talisman is based on our assessment of the company's operating track record and production economics in its core operating regions," said Standard&Poor's credit analyst Michelle Dathorne. "Although the company continues to redeploy substantially all of its operating cash flow into its exploration and development activities, reserve replacement and production growth (on a continuing operations basis) continues to lag behind those of its peers. As
