Fitch Issues Updated Expected Ratings on GS Mortgage Securities Trust 2014-GC18 Comm'l Mtge P-T Ctfs

Fitch Ratings has updated ratings on three classes of GS Mortgage Securities Trust 2014-GC18 Commercial Mortgage Pass-Through Certificates.

Following the issuance of the expected ratings on Jan. 17, 2014, two interest-only certificates were renamed and one interest-only certificate was added. Fitch expects to rate these interest-only certificates and assign Rating Outlooks as follows:

--$76,563,000a class X-B 'AA-sf'; Outlook Stable;

--$22,273,000a,b class X-C 'BBsf'; Outlook Stable.

a Notional amount and interest-only.

b Privately placed pursuant to Rule 144A.

Fitch does not expect to rate the $66,818,128 interest-only class X-D.

The presale report is available at 'www.fitchratings.com'.

Additional information is available at 'www.fitchratings.com'.

Applicable Criteria and Related Research:

--Criteria for Analyzing Multiborrower U.S. Commercial Mortgage Transactions (August 2013);

--Global Structured Finance Rating Criteria (May 2013);

--Criteria for Special-Purpose Vehicles in Structured Finance Transactions (May 2012);

--U.S. Commercial Mortgage Servicer Rating Criteria (February 2011);

--U.S. Fixed-Rate Multiborrower CMBS Surveillance and Re-REMIC Criteria (December 2013);

--Counterparty Criteria for Structured Finance and Covered Bonds (May 2013).

Applicable Criteria and Related Research:

Criteria for Analyzing Multiborrower U.S. Commercial Mortgage Transactions
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=715757

Global Structured Finance Rating Criteria
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=708661

Criteria for Special-Purpose Vehicles in Structured Finance Transactions - Effective 13 June 2011 to 30 May 2012
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=635249

U.S. Commercial Mortgage Servicer Rating Criteria
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=584005

U.S. Fixed-Rate Multiborrower CMBS Surveillance and Re-REMIC Criteria
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=724961

Counterparty Criteria for Structured Finance and Covered Bonds
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=707155

Additional Disclosure

Solicitation Status
http://www.fitchratings.com/gws/en/disclosure/solicitation?pr_id=818158

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Fitch Ratings
Primary Analyst
Melissa Lasker, [phone]
Associate Director
Fitch Ratings, Inc.
One State Street Plaza
New York, NY 10004
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Secondary Analyst
Donald MacMaster, [phone]
Analyst
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Committee Chairperson
Jeffrey Watzke, [phone]
Senior Director
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Media Relations, New York
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