PENGARUH PERPUTARAN PIUTANG, DER, DAN UKURAN PERUSAHAAN TERHADAP PERINGKAT OBLIGASI PADA PERUSAHAAN PERTAMBANGAN

Abstract

Bond rating is an information that states about the company and the potential actions of what will be done to deal with debt owned by the company. This research aims to analyze the relationship between Receivables Turnover, Debt To Equity, and Company Size on bond rating at mining companies which listed in Indonesia Stock Exchange (IDX) and PEFINDO. Data used in this research is secondary data. The object of this research is Stock Exchange Corner STIESIA Surabaya which is located at Jl. Menur Pumpungan 30 Surabaya, observation period conducted in 2012-2016. The population of this research is the financial statements of all mining companies which listed on the IDX and has a rating of bonds provided by PEFINDO in 2012-2016. The sample used is purposive sampling method to get 2 companies namely Medco Energi International Tbk and Aneka Tambang International Tbk. Analytical techniques used using multiple regression analysis. Partial test results at a significance level of 5% indicates that receivable turnover and debt to equity have significant influence on bond ratings while firm size has no significant influence on bond rating.

Keywords: Bond rating, accounts receivable turnover, debt to equity and company size