Analisis Faktor – Faktor Keuangan yang Mempengaruhi Peringkat Obligasi (Studi Kasus pada Perusahaan Manufacture yang terdaftar di Bursa Efek Indonesia) Periode 2016-2020

Abstract

This study aims to determine the effect of financial factors in the form of productivity, profitability, growth and leverage ratios on bond ratings in manufacturing companies listed on the Indonesia’s Stock Exchange for the 2016-2020 period. This type of research is associative clause research using secondary data types. The population in this study is 30 manufacturing companies listed on the Indonesia’s Stock Exchange (IDX) for the 2016-2020 period, with a sample of 17 manufacturing companies from 30 companies that meet the sample selection criteria. The data analysis technique used is descriptive statistical analysis and logistic regression analysis by using hypothesis testing in the form of partial tests and simultaneous tests. The results of this study show that partially the variables productivity, profitability, growth and leverage have a significant positive effect on bond ratings. The results of the simultaneous test of the variables productivity, profitability, growth and leverage together have a significant positive effect on the bond ratings of manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the 2016-2020 period.