What does the cryptic crossword clue "Socialist that's firm about statement of principles (5)" mean?

The definition is "Socialist". The wordplay uses a container (one word inside another). RED (synonym="RED") in CO (synonym="CO") = CREDO; definition: "statement of principles" The answer is CREDO.

Socialist that's firm about statement of principles (5)

Independent Cryptic #11914 | 2 Down | 2024-12-16 flower

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