Crossword Genius

Praiseworthy, suggestedly fit for a peerage? (8)

Ross

I believe the answer is:

laudable

I'm a little stuck... Click here to teach me more about this clue!

'praiseworthy' is the definition.
(synonyms)

'suggestedly fit for a peerage?' is the wordplay.
I cannot really see how this works, but
'fit' could be 'able' (similar in meaning) and 'able' is located in the answer.
'a' is found in the answer.
The remaining letters 'lud' is a valid word which might be clued in a way I don't understand.
This explanation may well be incorrect...

Can you help me to learn more?

(Other definitions for laudable that I've seen before include "Excellent" , "Meritorious" , "Praiseworthy, commendable" , "Good enough to praise" , "Worthy of high praise" .)

I've seen this clue in the Evening Standard.
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