MANILA, Philippines - Following his devastating knockout loss to Mexican arch rival Juan Manuel Marquez, Filipino champ Manny Pacquiao dropped from the number two spot to number 7 in The Ring magazine's pound-for-pound rankings.
Marquez moved up from number 6 to number 3.
The new rankings also has Filipino fighter Nonito Donaire at number 6, one spot ahead of Pacquiao, his idol.
The list, which is considered by many as the most accurate and presitigious ranking in the sport, made changes after the Pacquiao-Marquez fight Saturday, December 8.
"The eight-division titleholder previously shared the No. 2 position with Mayweather, but due to his loss to Timothy Bradley and devastating KO to Marquez, he has dropped No. 7," the Ring said of Pacquiao's drop.
It also described Marquez's rise as, "Marquez was previously listed at No. 6, but has now jumped to No. 3 due to his devastating knockout performance."
Earlier, Pacquiao had shared the number 2 spot with undefeated American boxer Floyd Mayweather Jr. Negotiations to make the fight happen between the two have fallen through for over 3 years now.
After Pacquiao's defeat to Marquez, Mayweather occupied the top spot on his own.
Donaire meanwhile, moved from number 5 to number 6 "due to Marquez moving up in the ratings and the addition of (Adrien) Broner."
Donaire is set to defend his WBO junior featherweight title against Jorge Arce on Saturday, December 15.
According to the magazine, ratings "are compiled by the magazine’s Editorial Board, with the participation of The Ring Ratings Panel of boxing journalists from around the world."
Pacquiao however, remains to be the longest-running boxer on the list by far, having been on it for 471 weeks.