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The phrase "a rating below" is correct and usable in written English.
It can be used when discussing scores, evaluations, or assessments that fall under a certain threshold.
Example: "The application was rejected due to a rating below the required minimum score."
Alternatives: "a score under" or "an evaluation beneath".
Exact(20)
"We never received a rating below yellow".
The average trust rating is 6.3 out of 10 and no country gave a rating below five.
Almost immediately after Dynegy called off the deal on Nov. 28, Enron collapsed as the credit-rating firms downgraded it to a rating below investment grade.
Not a single Nextel Cup race this year on Fox has drawn a rating below that of last year's Indy 500.
Add to that the fact that I found several items in the store that actually have a rating below four stars.
It was the fourth straight game in which Favre had a rating below 62. "I think there were some things that were positive," Jets Coach Eric Mangini said when asked to assess Favre's performance.
Similar(40)
Only one - Poland, with 4.9% - has a rate below one in five.
The bailout money is being loaned at a rate below 1%, finance minister Luis de Guindos said.
After the recession, NGDP growth settled at a rate below the pre-crisis norm.
A rate below that benchmark may signal faltering growth or falling prices.
"HSBC has broken quite a significant boundary by launching a rate below 2%," said David Hollingworth of mortgage brokers London & Country.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com