NY -- Standard&Poor's CreditWire 3/19/97 -- Standard&Poor's triple-`B'-plus corporate credit rating and senior unsecured debt rating on Talisman Energy Inc. remain on CreditWatch, where they were placed Feb. 13, 1997; however, the implications are revised to "developing" from positive. Developing implications mean ratings could either be raised or lowered. The action follows Canadian Occidental Petroleum Ltd.'s (CanOxy) friendly offer to acquire Wascana Energy Inc. for approximately C$1.66 billion ($20.50 per share). The offer surpasses an unsolicited bid of about C$1.5 billion ($18.50 per share) tendered on Feb. 28, 1997 by Talisman Energy Inc. Although CanOxy's offer has been approved by both companies' boards of directors and a preliminary agreement has been arranged, there still remains some
