diff --git a/CHANGELOG.md b/CHANGELOG.md
index 6a107e53f8..6e56219684 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -20,7 +20,7 @@ Inspired from [Keep a Changelog](https://keepachangelog.com/en/1.0.0/)
 
 ### Dependencies
 - Bumps `System.Diagnostics.DiagnosticSource` from 6.0.1 to 8.0.1
-- Bumps `YamlDotNet` from 16.0.0 to 16.2.0
+- Bumps `YamlDotNet` from 16.0.0 to 16.3.0
 - Bumps `AWSSDK.Core` from 3.7.400.11 to 3.7.400.68
 - Bumps `Fake.Core.SemVer` from 6.1.0 to 6.1.3
 - Bumps `Bogus` from 35.6.0 to 35.6.1
@@ -236,4 +236,4 @@ Inspired from [Keep a Changelog](https://keepachangelog.com/en/1.0.0/)
 [1.6.0]: https://github.com/opensearch-project/opensearch-net/compare/v1.5.0...v1.6.0
 [1.5.0]: https://github.com/opensearch-project/opensearch-net/compare/v1.4.0...v1.5.0
 [1.4.0]: https://github.com/opensearch-project/opensearch-net/compare/v1.3.0...v1.4.0
-[1.3.0]: https://github.com/opensearch-project/opensearch-net/compare/v1.2.0...v1.3.0
+[1.3.0]: https://github.com/opensearch-project/opensearch-net/compare/v1.2.0...v1.3.0
\ No newline at end of file
diff --git a/src/ApiGenerator/ApiGenerator.csproj b/src/ApiGenerator/ApiGenerator.csproj
index c639457214..f34876e4d3 100644
--- a/src/ApiGenerator/ApiGenerator.csproj
+++ b/src/ApiGenerator/ApiGenerator.csproj
@@ -14,7 +14,7 @@
     <PackageReference Include="Microsoft.Extensions.Caching.Memory" Version="8.0.1" />
     <PackageReference Include="Newtonsoft.Json" Version="13.0.3" />
     <PackageReference Include="NSwag.Core" Version="14.2.0" />
-    <PackageReference Include="YamlDotNet" Version="16.2.0" />
+    <PackageReference Include="YamlDotNet" Version="16.3.0" />
     <PackageReference Include="SemanticVersioning" Version="2.0.2" />
     <PackageReference Include="ShellProgressBar" Version="5.2.0" />
     <PackageReference Include="Spectre.Console" Version="0.49.1" />