| This research aims to investigate the influence of corporate governance mechanism and performance to bond ratings. Specifically, this research investigated the affect of institutional ownership, proportion of independent commisioners, audit quality, profitability, liquidity, and leverage to bond ratings. The sample in this study consisted of bond issued by companies listed on the Indonesia Stock Exchange for the periode 2011-2014 and rated by PT Pefindo. This research uses ordinal logistic regression analysis to examine the affect of corporate governance mechanism and performance to bond ratings. The result of this research indicate that audit quality, profitability, liquidity, and leverage have a positive and significant affect to bond ratings. This research failed to prove that institutional ownership and the proportion of independent commisioners significantly affect to bond ratings. |