Daftar Isi:
  • Bond rating is a guidance to investor who intends to buy bond because that rating gives informative statements and giving signal about company’s debt failure possibility. The purposes of this research are getting more empirical evidendence about the ability of financial ratios in forming model that used to predict bond rating. The impact of this research is to analyses liquidity, leverage, activity, profitability, firm size and growth. The technical method used in this study is logistic regression analysis. Using 13 manufactures companies with 52 bond issuances from 2011 to 2014, the results show of independent sample t test that profitability and firm size are getting differents between investment grade and non-investment grade. Logistic regression show that financial ratios in this research can make model to predicting the bond ratings with accuracy 94,2%. It means that model can be used as tool in predicting bond rating for manufacturer company in Indonesia. Key words : bond rating, liquidity, leverage, activity, profitability, firm size and growth.