Rank Degradation

Has anyone experienced a roll back of their contract rank being ENTIRELY reduced to the previous rank?  I went from 8 all the way back to 7… anyone whos anyone knows how long it takes to go from rank 7 to 8 with this contract system.

There have been some little changes in a previous for the reputation/loyalty requirements. You have still the same amount of reputation/loyalty, but some ranks need a slightly increased amount.