RASIO LIKUIDITAS, PRODUKTIVITAS, PROFITABILITAS, LEVERAGE DAN UKURAN PERUSAHAAN DALAM MEMPREDIKSI PERINGKAT OBLIGASI

Indonesia’s capital market development has positively impacted on the national economy. Capital market offers investment opportunities to the people (the investors). Meanwhile, The Issuers receive funds from the investors by issuing both equity securities and debt securities. The objective of this research is to analyze the ratio of liquidity, productivity, profitability, leverage, and company size in predicting the bond rating. The population of this research is the companies which are issuing bonds and registered in Indonesia Stock Exchange in 2009 - 2012 as well as rated by PT. PEFINDO in 2010 – 2013. The sampling technique of this research is purposive sampling. The method of data analysis uses logistic regression. The research finding shows that the four variables: liquidity, productivity, profitability, leverage, and company size, are not influencing the bond ratings. Therefore, these variables cannot be used to predict the bond rating. Keywords: Bond Rating, Liquidity, Productivity, Profitability, Leverage, Company Siz