With the continuous development of the contemporary economy, the most important thing for the capital market is to establish an effective rating agency to ensure the sound development of China's rating agencies. But at present, there are many problems that need us to study deeply. Based on this, this paper first collates the development of rating agencies, then combined with the current situation of our country, puts forward the existing problems of rating agencies, and finally puts forward effective countermeasures and suggestions to solve the problems.