PENGARUH KINERJA KEUANGAN DAN UKURAN PERUSAHAAN TERHADAP PERINGKAT OBLIGASI PADA PERUSAHAAN NON KEUANGAN YANG TERDAFTAR DI BEI

Martika Raisa, 2019: The Influence of Financial Performance and Firm Size on Bond Rating on Non-Financial Companies that are listed on Indonesian Stock Exchange (ISE). State University of Jakarta. This research aims to test the determinants of bond rating on non-financial companies that are listed on Indonesian Stock Exchange (ISE). The samples of this study are 52 observations in period 2017-2018 which were chosen by purposive sampling method. The data which were used are the secondary data that consist of annual report of the companies and bond rating rated by PEFINDO’s rating agency. The regression model used is an ordered logit regression using SPSS software. The hypotheses are tested consisted of four variables. First variable is dependent variable that is bond rating. The second variables are independent variables which consist of financial performance profitability, liquidity, leverage, and firm size. The result of the study shows that profitability and liquidity are significantly influencing bond rating. While leverage and firm size are not significant. Keywords: Bond Rating, Financial, Performance, Profitability, Liquidity, Leverage, and Firm Size