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GS Mortgage Securities Trust 2014-GC24 -- Moody's downgrades one and affirms ten classes of GSMS 2014-GC24

The ratings on seven P&I classes were affirmed because the transaction's key metrics, including Moody's loan-to-value (LTV) ratio, Moody's stressed debt service coverage ratio (DSCR) and the transaction's Herfindahl Index (Herf), are within acceptable ranges. Moody's rating action reflects a base expected loss of 8.9% of the current pooled balance, compared to 5.3% at Moody's last review. Moody's base expected loss plus realized losses is now 8.2% of the original pooled balance, compared to 5.1% at the last review.