Australia have slipped one position to fifth after managing to draw the two match test series against Bangladesh.
The Aussies were in the risk of moving to the sixth position if they failed to win the second test. The win meant that they avoided their worst ranking (sixth) which they last managed in 1988.
However, losing their opening game at Dhaka meant they lost their fourth position to their rivals New Zealand.
Starting the series with 100 rating points, Australia were reduced to 97 points today after their win at Chittagong.
On the other hand, Bangladesh, who won their first game against Australia and drew the series, have racked up five rating points.
Now the Tigers have 74 rating points but remain at ninth position with only Zimbabwe below them in the latest rankings.
India, who managed an impressive 3-0 win against Sri Lanka in test series continued to be the No.1 test team in the world with 125 rating points.
South Africa are a distant second place holders with 110 rating points while England occupies third position with 105 points.
New Zealand have jumped to the fourth position after managing to beat Aussies by decimal points in ratings as both sides have 97 rating points each.
Australia needs to up their game with the Ashes series fast approaching. The team still looks less prepared when compared to England and will need to be at their best to win the prestigious tournament.