Factors affecting bond ratings in BUMN Companies

Abstract

The purpose of this study is to obtain empirical evidence of profitability, liquidity, solvency and activity on state-owned enterprises bond rating listed on the Indonesia Stock Exchange and PT. Pefindo. The sampling technique used purposive sampling, the research samples obtained totaled 11 companies with a research period from 2018-2023 so that there were 66 units of analysis. The research design was quantitative descriptive. The analysis technique in this research is multiple regression analysis method. The results showed that profitability and solvency has a significant positive effect, liquidity and activity has no significant effect on bond rating. The implication of this research is that companies must pay attention to that profitability and solvency and those that can affect bond rating so that bond rating will increase.