While rating methodologies for private funds do exist, the availability of public ratings is very limited. The treatment as unrated corporates of in particular low-risk funds, such as pension funds, leads to very punitive risk weights and capital requirements under the Standardised Approach. While recognized ECAIs issue private ratings for these entities, it is not made explicit in Chapter 2, section 3 CRR whether or not private ratings issued by ECAIs are permitted for determining risk weights under SA.