With the development of Internet technology, the digital economy has become a new engine driving China’s economic growth. At present, the market economy is equivalent to the credit economy, and the role of credit rating in economic operation cannot be underestimated. While digital technology brings opportunities for the development of credit ratings, it also brings a series of challenges. Based on the current research status of credit ratings in academia, this paper deeply analyzes the inherent mechanisms through which the digital economy influences credit ratings. It explores the issues and challenges faced by credit rating development under the backdrop of digital economic development and proposes corresponding policy recommendations to address these issues and challenges, aiming to provide references for the development of credit ratings in China.