FAKTOR-FAKTOR YANG MEMPENGARUHI PREDIKSI PERINGKAT OBLIGASI DITINJAU DARI FAKTOR AKUNTANSI DAN NON AKUNTANSI

Abstract

Bond rating should be considered by an investor prior to bond because band rating very usefull to provide information about the companys ability to pay off the bond issued. This research aims to verify the influence of accounting and non accounting factors to bond rating predicted. Accounting factor in this study consist of leverage, profitability ang liquidity, while the factor and non accounting is bond maturity.

The population of this research is the publicly traded company listed in Indonesia Stock Exchange period  2010-2014 and ranked by PT. PEFINDO. The selection of samples with a purposive sampling method, and type data use are secondary data obtained from the official website of Indonesia Stock Echange and PT. Pefindo. Data analysis using logistic regression analysis.

The result of this research indicate that leverage, profitability, liquidity and maturity the significantinfluence of the bond rating, This indicated that leverage, profitability, and liquidity can effect the good and the bad rating off bond of the company. While bond maturity is not significant to the influential bond rating of bonds, this indicated that thehight or the low of the variable does not have an impact on good and bad companies, especially bond rating of the publicly traded company listed in Indonesia Stock Exchange.

 

Keywords:Bond rating, Leverage, Profitability, Liquidity, Maturity