In the run-up to Moody's downgrades in its credit ratingsfor 15 global banks yesterday, corporate treasurers reviewed theirbanking relationships, according to a Reuters story. Sometreasurers have added more banks to their credit facilities or madechanges in their deposit arrangements. Meanwhile, banks arereaching out to their corporate clients to reassure them abouttheir creditworthiness and issue warnings about theircompetitors.

When Lehman collapsed in 2008, companies that banked with Lehmanwere left scrambling. Now it's common for credit facilities toinclude a provision that lets companies exclude a bank if it seemsto be in danger of reneging on a commitment.

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