NEW YORK, USA  (Bloomberg) — Jamaica, which had its credit rating downgraded by the three biggest rating companies this month, will get a loan from the International Monetary Fund and continue paying its debt, according to Scotia Capital.

“Investors are concerned about a possible default or restructuring of the debt,” New York-based Scotia analyst Joe Kogan wrote in a report after meeting with government officials in Kingston. “No such restructuring is under consideration.”

Fitch Ratings Wednesday cut Jamaica’s rating to CCC from B and kept the outlook negative, citing a delay on a standby loan from the IMF and the “possibility of some form of debt restructuring,” according to a report by analyst Shelly Shetty. The downgrade follows similar moves by Standard & Poor’s and Moody’s Investors Service earlier this month.

IMF spokesman Andreas Adriano said there was no “timeframe” on when the Washington-based bank may reach a loan agreement with Jamaica.

The extra yield investors demand to own Jamaica bonds over US Treasuries widened to 8.41 percentage points Wednesday from 6.18 percentage points Sept. 24, according to JPMorgan Chase & Co.

Calls to Jamaica’s Financial Secretary Wesley Hughes weren’t immediately returned.