India's regulatory regime for airports is still new, evolving: Moody's

The regulatory regime in India for airports is "still quite new and evolving" posing credit challenges for the aerodromes, rating agency Moody's has said even as the passenger numbers are on the rise.

With high double-digit growth in domestic air traffic for the past more than two years, India is one of the fastest growing aviation markets in the world.

In a report, Moody's Investors Service has said it expects large airports in India to bring forward plans to expand capacity to meet the growing demand.

"The regulatory regime in India for airports is still quite new and evolving, which presents a credit