CHICAGO — A Detroit charter school defaulted on its Oct. 1 debt payment despite carrying a pledge of state aid, an intercept feature, and other protections designed to enhance bondholder security.

The Detroit Academy of Arts and Sciences made only a partial Oct. 1 payment on bonds originally issued in 2001. A payment of $600,000 was made out of $1.7 million due. It's the first default for the school, which opened in 1997.

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