diff --git a/.bumpversion.cfg b/.bumpversion.cfg
index fe61fc47..ccd6ce68 100644
--- a/.bumpversion.cfg
+++ b/.bumpversion.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 4.47.0
+current_version = 4.48.0
 parse = (?P<major>\d+)
 	\.(?P<minor>\d+)
 	\.(?P<patch>\d+)
diff --git a/CHANGELOG.md b/CHANGELOG.md
index d31090c2..a95ef234 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,16 @@
 # Changelog
 
+## [4.48.0](https://github.com/recurly/recurly-client-python/tree/4.48.0) (2024-05-08)
+
+[Full Changelog](https://github.com/recurly/recurly-client-python/compare/4.47.0...4.48.0)
+
+
+**Merged Pull Requests**
+
+- Generated Latest Changes for v2021-02-25 (Proration Settings) [#692](https://github.com/recurly/recurly-client-python/pull/692) ([recurly-integrations](https://github.com/recurly-integrations))
+
+
+
 ## [4.47.0](https://github.com/recurly/recurly-client-python/tree/4.47.0) (2024-05-01)
 
 [Full Changelog](https://github.com/recurly/recurly-client-python/compare/4.46.0...4.47.0)
diff --git a/docs/README.md b/docs/README.md
index 51867f93..4f2200b5 100644
--- a/docs/README.md
+++ b/docs/README.md
@@ -8,7 +8,7 @@ This library is the official python client for Recurly's V3 API.
 
 We recommend specifying this dependency in your requirements.txt:
 ```
-recurly~=4.47
+recurly~=4.48
 ```
 
 Or installing via the command line:
diff --git a/recurly/__init__.py b/recurly/__init__.py
index 8d6d4cba..5c33e3f9 100644
--- a/recurly/__init__.py
+++ b/recurly/__init__.py
@@ -6,7 +6,7 @@
 import ssl
 import sys
 
-__version__ = "4.47.0"
+__version__ = "4.48.0"
 __python_version__ = ".".join(map(str, sys.version_info[:3]))
 
 USER_AGENT = "Recurly/{}; python {}; {}".format(