A very slight chance of bricking, though I honestly can't remember the last time I've even seen anyone truly brick when doing a downgrade.
Semibricking is the next possible hangup that could occur, but that can be fixed by using recovery mode to go back to 10.7 then attempting the downgrade again.
A partial downgrade could also occur, but that's fixed by just running the downgrader again to complete the downgrade.
And last of all, the downgrade could go off without a hitch and you'll be sitting happy on 9.2. Given how much better the downgraders are now compared to how they used to be, this is the most likely outcome.