PENGARUH LEVERAGE, SOLVABILITAS, PRODUKTIVITAS DAN PROFITABILITAS TERHADAP PERINGKAT OBLIGASI PADA INDUSTRI PERBANKAN YANG TERDAFTAR DI BEI TAHUN 2011-2015

This study aims to determine the ability of financial ratios in predicting bond ratings in the banking industry. Financial ratios used in this study is the leverage, solvency, profitability, and productivity. Leverage in this study was measured by the formula Debt to Equity Ratio (DER), solvency in this study was measured using the formula Debt to Asset Ratio (DAR), profitability in this study using the Return On Asset (ROA), while productivity in this study was measured by Total Asset Turnover formula (TAT). The sample in this study is the banking industry listed in Indonesia Stock Exchange (BEI) during the period 2011-2015 and rated by PT.Pefindo. Samples were selected using purposive sampling method. there are 19 samples used in the study of 42 banks. This study used logistic regression analysis test tools. Based on the results of logistic regression analysis with significance level of 5% has proved that: leverage significant effect on bond ratings, while the solvency, profitability and productivity does not affect the bond ratings. Key words : Bond Rating, Leverage, Solvency, Profitability and Productivity