What Happens After You Get S-Rank

[DualHydra]

I heard of the bugs like the techs going down and the materials being used up or something like that. well anyway lets say i get a s-rank with a lv1 character that hasnt done anything but challenge. would anything happen to the lv 1 at later levels?

[Nintense]

I don't know, but if you just gave the S-rank weapon to one of your other characters, and then recreated the challenge character, you wouldn't be losing anything, except the challeng ranking title.

[Celes152]

As far as we know, the glitches only affect characters who have above level 15 techs AT the time of completeing C-mode, not sure about the materials however..

[LollipopLolita]

the bugs occur randomly, affects all techs and mats