Basic clothing retailer American Apparel Inc has said it is back in compliance with the New York Stock Exchange's listing requirements.

The company said it had received a letter from the exchange indicating it had resolved its continued listing deficiency.

The Los Angeles-based firm had been warned in February it could lose its listing if it didn't address some financial issues.

Last month, the basic clothing retailer sold US$30m of its stock in a bid to avoid the de-listing. The company, which has been battling mounting losses, said the proceeds of the offering would be used to cover an interest payment of around $13.4m due 15 April.