Latest UFC rankings update: Colby Covington cracks top five after Sao Paulo win over Demian Maia

Ultimate Fighting Championship (UFC) recently updated its official rankings in the wake of UFC Fight Night 119, which took place last Saturday night (Oct. 28, 2017) on FOX Sports 1 inside Ibirapuera Gymnasium in Sao Paulo, Brazil (full results here). The big winner that night was Colby Covington, who turned away former division title contender Demian Maia (watch it) to secure a spot in the division top five.

Here's how the rankings work, courtesy of UFC.com:

Rankings were generated by a voting panel made up of media members. The media members were asked to vote for who they feel are the top fighters in the UFC by weight-class and pound-for-pound. A fighter is only eligible to be voted on if they are in active status in the UFC. A fighter can appear in more than one weight division at a time. The champion and interim champion are considered to be in the top positions of their respective divisions and therefore are not eligible for voting by weight-class. However, the champions can be voted on for the pound-for-pound rankings.

Take a look at what the latest rankings field looks like courtesy of UFC.com. Note: (+/- = movement in rankings, *NR = Not previously ranked).

POUND-FOR-POUND
1 Demetrious Johnson
2 Conor McGregor
3 Max Holloway
4 Stipe Miocic
5 Daniel Cormier
6 Cody Garbrandt
7 Joanna Jedrzejczyk
8 Tyron Woodley
9 Dominick Cruz
10 Jose Aldo
11 Cris Cyborg
12 Tony Ferguson
13 Michael Bisping
14 Amanda Nunes
15 Robert Whittaker

FLYWEIGHT
Champion: Demetrious Johnson
1 Joseph Benavidez
2 Henry Cejudo
3 Ray Borg
4 Sergio Pettis
5 Jussier Formiga
6 Wilson Reis
7 Brandon Moreno
8 Ben Nguyen
9 John Moraga
9 Dustin Ortiz
11 Tim Elliott
12 Alexandre Pantoja
13 Louis Smolka
14 Magomed Bibulatov
15 Deiveson Figueiredo *NR

BANTAMWEIGHT
Champion: Cody Garbrandt
1 Dominick Cruz
2 TJ Dillashaw
3 Jimmie Rivera
4 Raphael Assuncao
5 John Lineker
6 Bryan Caraway
7 Aljamain Sterling
8 John Dodson
9 Marlon Moraes +1
10 Thomas Almeida -1
11 Pedro Munhoz +1
12 Eddie Wineland -1
13 Matthew Lopez +1
14 Rob Font -1
15 Johnny Eduardo

FEATHERWEIGHT
Champion: Max Holloway
1 Jose Aldo
2 Frankie Edgar
3 Ricardo Lamas
4 Cub Swanson
5 Chan Sung Jung
6 Brian Ortega
7 Yair Rodriguez
8 Jeremy Stephens
9 Darren Elkins
10 Renato Moicano
11 Dennis Bermudez
12 Dooho Choi
13 Mirsad Bektic
14 Myles Jury
15 Jason Knight

LIGHTWEIGHT
Champion: Conor McGregor
1 Tony Ferguson (Interim Champion)
2 Khabib Nurmagomedov
3 Edson Barboza
4 Eddie Alvarez
5 Justin Gaethje
6 Nate Diaz
7 Kevin Lee
8 Dustin Poirier
9 Michael Johnson
10 Michael Chiesa
11 Al Iaquinta
12 Beneil Dariush
13 Anthony Pettis
14 Evan Dunham
15 Francisco Trinaldo *NR

WELTERWEIGHT
Champion: Tyron Woodley
1 Robbie Lawler
2 Stephen Thompson
3 Colby Covington +4
4 Jorge Masvidal
5 Demian Maia -2
6 Rafael Dos Anjos -1
7 Carlos Condit -1
8 Darren Till
9 Donald Cerrone
10 Santiago Ponzinibbio
11 Neil Magny
12 Kamaru Usman
13 Gunnar Nelson
14 Dong Hyun Kim
15 Alex Oliveira

MIDDLEWEIGHT
Champion: Michael Bisping
1 Robert Whittaker (Interim Champion)
2 Luke Rockhold
3 Yoel Romero
4 Jacare Souza
5 Chris Weidman
6 Derek Brunson +1
7 Anderson Silva -1
8 Kelvin Gastelum
9 David Branch
10 Uriah Hall
11 Vitor Belfort
12 Krzysztof Jotko
13 Lyoto Machida *NR
14 Brad Tavares -1
15 Thiago Santos

LIGHT HEAVYWEIGHT
Champion: Daniel Cormier
1 Alexander Gustafsson
2 Volkan Oezdemir
3 Glover Teixeira
4 Jimi Manuwa
5 Mauricio Rua
6 Ovince Saint Preux
7 Corey Anderson
8 Misha Cirkunov
9 Ilir Latifi
10 Patrick Cummins
11 Rogerio Nogueira
12 Gadzhimurad Antigulov
13 Tyson Pedro
14 Jan Blachowicz
15 Gian Villante

HEAVYWEIGHT
Champion: Stipe Miocic
1 Alistair Overeem
2 Fabricio Werdum
3 Cain Velasquez
4 Francis Ngannou
5 Mark Hunt
6 Derrick Lewis
7 Alexander Volkov
8 Marcin Tybura
9 Aleksei Oleinik
10 Stefan Struve
11 Junior Albini
12 Andrei Arlovski
12 Curtis Blaydes
14 Travis Browne
15 Tim Johnson

WOMEN'S STRAWWEIGHT
Champion: Joanna Jedrzejczyk
1 Jessica Andrade
2 Claudia Gadelha
3 Karolina Kowalkiewicz
4 Rose Namajunas
5 Tecia Torres
6 Michelle Waterson
7 Cynthia Calvillo
8 Carla Esparza
9 Felice Herrig
10 Paige VanZant
11 Alexa Grasso
12 Cortney Casey
13 Joanne Calderwood
14 Randa Markos
15 Maryna Moroz

WOMEN'S BANTAMWEIGHT
Champion: Amanda Nunes
1 Valentina Shevchenko
2 Holly Holm
3 Julianna Pena
4 Raquel Pennington
5 Ronda Rousey
6 Cat Zingano
7 Sara McMann
8 Ketlen Vieira
9 Germaine de Randamie
10 Alexis Davis
11 Liz Carmouche
12 Marion Reneau
13 Katlyn Chookagian
14 Bethe Correia
15 Leslie Smith

There you have it.

You can expect these standings to change in roughly one week -- especially in the middleweight division -- when the UFC 217 pay-per-view (PPV) event, headlined by the return of former welterweight champion Georges St-Pierre, takes place inside Madison Square Garden in New York City (more on that fight card here).

Until then, let us know what you think of the latest rankings movement in the comments section below.