Standing, ranking (6)
I believe the answer is:
status
This clue is a double definition.
'standing' is the first definition.
(I've seen this before)
'ranking' is the second definition.
(I've seen this in another clue)
(Other definitions for status that I've seen before include "and 9: Existing state of affairs" , "Social rank" , "Position eg in society" , "Importance (in society?)" , "Place in society" .)