Crossword Genius

Rating turned colour of ash, reportedly (5)

Ross

I believe the answer is:

grade

'rating' is the definition.
(grade is a kind of rating)

'turned colour of ash reportedly' is the wordplay.
'turned colour of ash' becomes 'greyed'.
'reportedly' shows a homophone (sound like).
'greyed' is a homophone of 'GRADE'.

(Other definitions for grade that I've seen before include "Particular level of rank, quality, etc" , "Rank or status" , "Degree" , "one of the entertainment moguls" , "School mark" .)

I've seen this clue in The Times.
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