KEMAMPUAN RASIO KEUANGAN DAN MATURITY DALAM MEMPREDIKSI PERINGKAT OBLIGASI PADA PERUSAHAAN MANUFAKTUR YANG LISTED DI BEI

This study aims to find the empirical evidence of the influence of
financial factors in the form of financial ratios of liquidity, leverage,
profitability, and productivity and non-financial factors in the form of
maturity (age of the bond) on obligation rating of manufacturing
companies. The company's obligation rating published by PT.Pemeringkat
Sekuritas Indonesia (PEFINDO).
This research using purposive sampling method with different
criteria. Based on the research, the criteria derived from the observation of
105 manufacturing companies listed in Indonesia Stock Exchange (BEI) for
2006-2010. This research examines hypothesis by using logistic regression
of data analysis.
The result of this study is profitability and liquidity ratio are not
positively influence on obligation ratings. Leverage ratio is uninfluencly
negatively on obligation rating. Ratio of productivity and maturity are
significantly influence on obligation rating. This results show that maturity
and some of financial ratio are have an ability to influence obligation rating
of manufacturing company.