Conditional Formatting that populates text as well as colour

I want to be able to update a field to have a text value + colour based on the selection from 2 fields (that contain dropdown lists - I can set a rule to update colour but can't work out how to also populate it with texts

So, Field C13 contains 3 values - e.g. A, B, C
Field C14 contains 3 values - e.g. XYZ

Field E14 should update to
Yes and Green if values A and X are selected
Maybe and Amber if values B and Y are selected
No and Red if values C and Z are selected

9 combinations in total

Anyone can help?

Book3.xlsxThank you GeneralDisarray

I'm not getting it quite right - maybe because I am using values from another field so references as opposed to hard coding values in the formula

I've attached the doc

Formula - =CHOOSE(1+($C$13=$B$9)*($C$14=$Y$1)*1+($C$13=$B$9)*($C$14=$Y$2)*2+($C$13=$B$9)*($C$14=$Y$3)*3,"","+$X$1","+$X$2","+$X$3") -- this would be extended to have 9 combinations once working