The Industry classification on the CMD Portal refers to the type of entity. The categories are: Corporate, Bank, Fund, Government, Insurance, Structured Finance Vehicles and Unknown.
Corporates include all private profit maximising entities except those that we categorise as Banks. The defining characteristic of a Bank in our categorisation is that it has a banking license.
The Government category contains the state debt issuers as well as various SSAs (State and Supranational Agencies) such as the World Bank and regional development bodies.
