Abstract :
This study is hypothesis testing research that aims to test empirically that moderate bond ratings negatively influence the profitability of the corporate bond yields. The population of the study were all non-financial corporate bonds traded and has been listed on the Indonesia Stock Exchange (BEI) precisely in PT Indonesian Central Securities Depository and in the ranking list PT PEFINDO until 2015. The sample is determined by purposive sampling method that produces a sample of 20 companies non of the financial with 31 non-financial corporate bonds. This study observation period for 4 consecutive years from 2012 until independent 2015.Variabel be measured using a proxy ROA profitability. The dependent variable in this study, that bond yields are measured using Yield To Maturity and moderating variables, namely bonds with investment grade ratings are measured with a scale ratio (10-1). Data analysis techniques in the form of classic assumption test and testing MRA (Moderated Regression Analysis) to test the hypothesis, that the t test. After doing the trimming as much as 4 data, hypothesis testing results showed that moderate the bond rating negatively influence the profitability of the corporate bond yields.
Keywords: Profitability, Bond Yields, Bond Ratings, ROA, and Yield To Maturity.