“The company has large debt repayments
due over FY2019 (3,120.3 crore), FY2020
(2,444.5 crore) and FY2021 (2,167.9 crore).
The company is undertaking various liquidity
initiatives, which includes, among others, a
stake sale in Jet Privilege Private Ltd, and the
timely implementation of these initiatives is
a key rating sensitivity,” ICRA said in a report.