шрифт установлен на белый, формула в порядке
=IF(COUNTIF($E9:$T9, "R")=16, "Distinction",
IF(COUNTIF($E9:$P9, "R")=12, "Merit",
IF(COUNTIF($E9:$K9, "R")=7, "Pass",
IF(SUM(COUNTIF($E9:$K9, "R"), COUNTIF($E9:$K9, "8"))=7, "Pass Referral",
IF(SUM(COUNTIF($E9:$K9, "R"), COUNTIF($E9:$K9, "T"), COUNTIF($E9:$K9, "8"))=7, "Unsafe", "z")))))
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см. электронная таблица