ANALYSIS OF FACTORS AFFECTING BOND RATINGS IN BANKING COMPANIES LISTED IN INDONESIA STOCK EXCHANGE PERIOD 2016-2018
Ayla Danuwidjaja
Universitas Pendidikan Indonesia
Abstract
The bond rating is one that investors should consider before investing in bonds. This is because the bond ratings provide a statement that provides the companys information so that investors avoid the risks of bonds. Therefore, it is necessary to re-examine the factors affecting the rating of bonds. The population of this study is a banking company listed on the Indonesia Stock Exchange (BEI) and listed in the rating of bonds issued by PT Pefindo from 2016-2018. The study population numbered 72 companies, then selected by purposive sampling method, to obtain the sample amounted to 9 companies. The data used is secondary data obtained from the Indonesian Stock Exchange (BEI) and PT PEFINDO, while data analysis using multiple regression analysis.
Keywords: Investments, Bonds, Bond Rating, Leverage, Profitability, Liquidity, Company Size, Age Bonds
Topic: Financial Management and Accounting