ANALISIS PENGARUH RASIO KEUANGAN TERHADAP PERINGKAT OBLIGASI PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA

The data used are the data of manufakturing corporate bonds are listed on the
Indonesia Stock Exchange (IDX) and assessed by a rating agency PEFINDO in
the year 2008-2010. Variable research is Current Ratio, Debt-to-Equity ratio,
Return on Assets and Firm size. In this study the sample were 38 manufacturing
firms.The sampling technique is determined using targeted sampling (purposive
sampling),whereas the method of analysis used double regression analysis.
This research result that Return on Assets and Firm Size positive effect on bond
ratings. This shows that the Return on Assets and Firm Size can affect the good
and bad bond rating companies manufacturing. While the Current Ratio and Debt-
to-Equity Ratio has no effect on bond ratings. This means high or low level of
these variables did not affect the good and bad bond rating companies, especially
manufacturing firms in Indonesia Stock Exchange.