Checking the entitlement for my product c7:
# rct cat-cert /etc/pki/entitlement/1223977598242046956.pem | grep Label
Label: XXX_DevOps_c7_c7-updates-repo
As per this post The /etc/yum.repos.d/redhat.repo is missed on CentOS 7 after registering on Foreman server - #3 by rakis I was expecting to see
Label: XXX_DevOps_c7_c7-base-repo
Label: XXX_DevOps_c7_c7-extras-repo
in there as well.