What do you lose when you are defeated in Ranked?

[Ninpalk]

I know Ranked is good for getting to level 20, but is it ever possible to go down in level for weapons? Do I lose money if I lose? Is there any way I'll lose weapons if I lose too much or anything like that?

...Or is it just your Rank goes down?

 

[Cyndane]

I know Ranked is good for getting to level 20, but is it ever possible to go down in level for weapons? Do I lose money if I lose? Is there any way I'll lose weapons if I lose too much or anything like that?

...Or is it just your Rank goes down?

I'm willing to wager just your rank goes down.

 

[novel]

only your rank goes down

 

[Zero Revolution]

Only your rank goes down, nothing else. It's not possible for your level or anything else to go down.