The financially illiterate Chicago Sun Times writer Maudlyne Ihejirika says "That rating applies to a total of $6.3 billion in outstanding debt held by Chicago Public Schools."
Well, actually, no, Maudlyne. What you presumably meant to say, assuming that you have any idea whatsoever of what you are talking about (doubtful) was "That rating applies to a total of $6.3 billion in outstanding City of Chicago debt held by and owed to existing bondholders to pay for (stupid costs incurred by) CPS."
CPS doesn't now and never has "held" (as in owned) a dime of that debt.
It's also pretty clear that any Sun Times on-line editors are either equally financially illiterate or nonexistent.