<![CDATA[This study aims to examine and analyze the influence of financial ratios (liquidity, leverage, profitability, free cash flow and market value) and non-financial factors (auditor reputation and type of industry) on bond rating with earning management usage as an intervening variable in companies that listed on the Indonesian stock exchange (IDX). This study population are all the companies that listed on the IDX and rated by PT PEFINDO 2013-2015, amounting to 54 companies and once used as a sample. Data analysis using multiple linier regression and path analysis with sobel test. The results showed that simultaneous financial ratios (liquidity, leverage, profitability, free cash flow and market value) and non-financial factors (auditor reputation and type of industry) and earning management significant effect on bond rating. In partial, profitability, auditor reputation, and type of industry positive significant effect on bond rating, but earning management negative significant effect on bond rating. While liquidity, leverage, free cash flow, and market value no significant effect on bond rating. Sobel test showed that indirectly, earning management cannot mediate the relationship between financial ratios (liquidity, leverage, profitability, free cash flow and market value) and non-financial factors (auditor reputation and type of industry) on bond rating. ]]>
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