Uncertainty over distribution growth at Hoegh LNG Partners has seen the New York-listed MLP downgraded by analysts at DNB Markets.

Its team, led by Nicolay Dyvik, dropped the company from buy to hold, suggesting an ATM programme and rising interest rates would limit upside.

Dyvik and colleagues Mats Bye and Jorgen Lian say the company presently has stable cash flow from five FSRUs, but future expansion is uncertain.