Standard & Poor's warned that AMP's credit ratings could be "negatively affected" if this happened, although AMP claimed it had the money to cover any pay-out in any case. Moody's said there could be further legal action and, if in default, one outcome was that AMP "may be forced to accelerate the repayment on its senior corporate debt", a further $1.25 billion. Both AMP and Perpetual said they had received "inquiries" about the matter from investors but AMP was sticking by its line there had been no default.